On September 23, 2019, the Government issued Decree No. 74/2019 / ND-CP providing for amendments and supplements to a number of articles of Decree No. 61/2015 / ND-CP dated July 9, 2015 of The Government provides regulations on employment support policies and the National Fund for Employment takes effect from November 8, 2019.
According to Article 24 of Decree No. 74/2019 / ND-CP:
“Article 24. Loan size
1. For production and business establishments, the maximum loan level is VND 2 billion / project and not exceeding VND 100 million for 01 employee to create jobs, maintain and expand jobs.
2. For laborers, the maximum loan amount is VND 100 million.
3. The specific loan level shall be considered by the Social Policy Bank on the basis of the capital source, production and business cycle, and the debt repayment capacity of the borrower in order to reach agreement with the borrower. ”
Accordingly, compared with Decree No. 61/2015 / ND-CP, the maximum loan amount for production and business establishments has doubled to VND 2 billion / project and not exceeding VND 100 million for 01. Employees are allowed to create, maintain and expand jobs. In addition, the maximum loan for employees has doubled to VND 100 million.
The increase in the maximum loan limit contributes to the production and business establishments and workers have access to the capital support from the state, creating motivation for increasing economic development.