Why are businesses afraid to receive interest rate support?

DNHN - At a recent meeting with the National Assembly's Delegation, Standing Deputy Governor of the State Bank Dao Minh Tu said that, through preliminary reports from commercial banks, a number of causes and difficulties lead to the slow implementation of the policy includes difficulties in determining beneficiaries of interest rate support, reasons from customers and reasons from banks.

Specifically, about the difficulty in determining the beneficiaries of interest rate support, the banks said, the Ministry of Planning and Investment has issued the answer document No. 5251/BKHDT-PTDN dated July 29, 2022 on subjects eligible for interest rate support.

However, at present, commercial banks are still facing difficulties in determining the beneficiaries of interest rate support in some cases of customers engaged in multi-industry production and business activities.

Regarding the causes related to borrowers, some commercial banks have actively contacted and guided customers through procedures and supporting documents. However, customers themselves (especially businesses) are also afraid that in case they participate in the interest rate support program, they will have to work with inspection, audit and inspection teams of agencies. authoritative.

In addition, currently many production and business households borrow money from commercial banks but do not have business household registration, so they are not eligible for support.

In addition, the Ministry of Construction has announced 4 projects with a total demand of 1,751 billion VND. However, no outstanding loans have arisen for investors building social housing, housing for workers, renovating old apartment buildings due to the small number of newly announced projects.

Regarding the cause from the banks, commercial banks are afraid because some interest rate support programs have been implemented before but have not yet been settled for the amount of support for customers.

In addition, banks also spend a lot of time preparing and building automatic systems to track, account and manage reporting data to ensure the accuracy of data in payment, settlement, audited when participating in the Program are supported interest rates from the state budget.

PV