Bangkok: Government Savings Bank helps more than 630,000 self-employed debtors from COVID-19 escape their NPLs status without losing their credit history. D-Day starts on 6 Jan. ’24, with the government paying 10 billion baht in compensation.
After the government set a policy to solve debt for the entire system as a national agenda. Assign relevant agencies to integrate missions and operational guidelines to solve debt for all groups of people. Ministry of Finance Therefore, the State Bank has been set to gradually issue measures to solve debt continuously. Most recently, Mr. Kritsada Chinavicharana and Mr. Chulphan Amornvivat, Deputy Minister of Finance. Has assigned and supported the Government Savings Bank to propose to the Cabinet to issue measures to assist debtors in the loan project for expenses for self-employed people. Affected by COVID-19, the bank provided a loan of 10,000 baht each in 2020 to provide urgent assistance according to government policy.
The Cabinet has approved the Government Saving
s Bank to assist debtors. Through the loan program for expenses for the self-employed affected by COVID-19 in order to follow up and demand payment of debt first If any debtor Still experiencing continuous suffering Unable to pay debts normally Let the bank use the budget allocated by the government to compensate for damages. Come help debtors get out of bad debt status (NPLs) and not lose their credit history. This makes it no longer possible to access the money sources in the system. The Government Savings Bank is preparing to begin operations from January 6, 2024 onwards. It is scheduled to be completed by January 2024. It is expected that it will be able to help more than 630,000 debtors.
Loan project for expenses for self-employed people from COVID-19 according to the Cabinet resolution (24 March 2020). Government Savings Bank provides loans to self-employed people at 10,000 baht each to help increase liquidity and relieve severe suffering. During the severe epidemic at that time, the project budget was
20,000 million baht. The government was ready to allocate the budget to the Government Savings Bank. Compensate for damages incurred from bad debts (NPLs) in an amount not exceeding 10,000 million baht for one-time assistance only to prevent loss of financial discipline.-515 Thai News Agency
Source: Thai News Agency