General

The BAAC board agreed. Help Israeli workers

Ministry of Finance, BAAC board agrees to help Israeli workers. Career development loan of 150,000 baht/person, 1 percent interest, along with debt forgiveness for the deceased. Moving forward to reduce debt of SMEs and cooperatives

Mr. Chulaphan Amornvivat, Deputy Minister of Finance As the chairman of the BAAC committee, he said that at the board meeting BAAC approves guidelines for granting loans to workers returning from Israel, 150,000 baht/person, with interest charged at 1 percent per year. The government compensates the interest burden for the rest of the time to the workers. There is a condition of waiving interest on the loan for 1 year and a loan period of 20 years if a worker in Israel dies. BAAC ready to forgive debt for all loan contracts Workers returning from Israel If you have a problem, please come and consult with All BAAC branches

For other types of workers who are not farmers, Government Savings Bank is ready to take care of customers who lend to strengthen Career development is provided in the same way. State Bank ready to extend debt repayment time Or use the debt restructuring guideline for a period of 3 years, calculating interest at 0.01 percent, with a grace period for the principal for another year as well, in order to reduce the burden on Thai workers returning from Israel. Then there will be other agencies. Come join in developing, upgrading and rehabilitating careers. So that these workers can stay in the country and have sustainable careers.

Mr. Chulaphan added that after the government suspended debt for farmers through the BAAC for a period of 3 years, many agencies are now studying how to reduce the debt burden for SMEs. including cooperative groups Accept that there are many types of cooperatives, including savings cooperatives. agricultural cooperative Many agencies must consider that How much will you help? Because it is a very large group Including those who borrow money from the Student Loan Fund, which is a large group. Therefore, we must wait for the Prime Minister to announce measures to help with household debt at the end of November.

Source: Thai News Agency

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