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720,000 people rejoice as Government Savings Bank forgives debts: COVID-19 relief measures announced

Debtor rejoices, Government Savings Bank forgives debt. More than 720,000 people had their debts forgiven.

Measures to help debtors in NPL status of the loan project to cover costs for self-employed people affected by COVID-19 are in accordance with the Cabinet’s resolution on 19 December 2023. Help will be provided only once. prevent loss of financial control

Mr. Withai Rattanakorn, Director of the Government Savings Bank, according to the government by Mr. Settha Thavisin, Prime Minister, revealed that the Government Savings Bank has been assigned to help the debtors of the loan project to cover the costs of affected self-employed people to cover with the coronavirus (COVID). Until it becomes a status of bad debts or NPLs, which the Cabinet decided to rush to help debtors in this group to escape​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​a to lose and they will have access to sources of money in the system in the future. The bank will use the budget to compensate for damages from bad debts given by the government for that loan project. used to pay debts on behalf of debtors who have been working since the 1st quarter of 2024, the bank has recently taken additional measures on more than 90,000 cases, making it possible more helped 720,000 debtors within a period of 3 months from the start of the measure it will be able to help debtors in the 4th quarter of 2024 An additional number of more than 100,000 was added when an allocation was received additional budget from the government.

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In any case, the measures to help debtors with NPL status of the loan project for expenses for self-employed people affected by COVID-19 are in accordance with the resolution of the Cabinet on 19 December 2023, which helps not to done only once. To prevent losing financial control The government has a policy to push to solve debt problems for all groups of people to be successful and stable as a national record.

2024-05-09 13:14:40
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