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About 3,000 restaurants in Thailand have applied for loans over the past week, under a new scheme co-initiated by the Commerce Ministry and five state financial institutions, to help struggling businesses cope during the ongoing COVID-19 pandemic.

 

Loans of up to 879 million baht have been sought since June 7th, when the “Jub Koo Goo Ngern” program kicked off.

 

The Government Savings Bank received 2,520 loan requests, totalling 750 million baht, the SME D Bank received 146 loan requests, totalling 64 million baht, Krungthai Bank received 98 loan requests, totalling 43 million baht, the Bank for Agriculture and Agricultural Cooperatives received 49 loan requests, totalling 22 million baht and the Thai Credit Guarantee Corporation received 188 loan requests.

 

Full Story: https://www.thaipbsworld.com/3000-restaurants-apply-for-loans-over-past-week-in-new-government-scheme/

 

-- © Copyright Thai PBS 2021-06-15

 

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same scenario played out in countries everywhere where the pandemic raged..

But what is the "scheme"?

The scheme is no one has an accurate account of how much money was loaned and probably a good share ended up in the pockets of the people that came up with this scheme.

15 hours ago, snoop1130 said:

About 3,000 restaurants in Thailand have applied for loans over the past week, under a new scheme co-initiated by the Commerce Ministry and five state financial institutions, to help struggling businesses cope during the ongoing COVID-19 pandemic.

Message to Prayut.. let us open to make a living or pay for us to remain closed.

On 6/15/2021 at 4:25 PM, snoop1130 said:

About 3,000 restaurants in Thailand have applied for loans over the past week, under a new scheme co-initiated by the Commerce Ministry and five state financial institutions, to help struggling businesses cope during the ongoing COVID-19 pandemic.

And when the go under permanently (and many will) they will be even that much more in debt with no way to pay.