Over VND160 billion to be spent on poor families’ storm resistant houses
(VNF) - A project give support for the building of storm and flood resistant houses to poor families with a total capital of over VND160 billion has been adopted by the People’s Committee of the central province of Quang Ngai.
The adoption aims to realise the Prime Minister’s decision 48/2014/QD-TTg dated August 28th,2014, on supporting poor households in the central region to build storm and flood resistant houses.
Under the project, there are 3,323 poor families in Quang Ngai province are in need of support as a result of their houses’ floors being lower than the regular flooding water levels in their residential areas.
Accordingly, the State budget will give assistance worth VND12 million to each, with the higher level at VND14 million to each of those living in disadvantaged areas and VND16 million to each of those living in extremely disadvantaged villages.
In addition, the poor families are allowed to borrow a maximum VND15 million each from the Bank for Social Policies to build storm and flood resistant houses at the interest rate of 3% within 10 years and an extension of an additional 5 years if necessary./.
Compiled by Hien Anh