Thailand’s state-owned Government Savings Bank (GSB) will help ease financial the burden for more than 750,000 mostly small debtors, through debt a moratorium scheme, said GSB Director Withai Rattanakorn today (Tuesday).

 

In line with the government’s policy to ease the hardships of small debtors, affected by the impacts of the COVID-19 pandemic, he said that the total debts to be placed under moratoria are estimated at over 50 billion baht, with many debtors expected to be granted a six-month debt moratorium.

 

To be eligible for the GSB’s scheme, the amount of borrowing must not exceed 200,000 baht per borrower and the debtors will not have to provide collateral to seek the moratorium, but they must prove that they are in financial trouble or have no revenue. Government officials or state enterprise employees are not eligible.

 

Full Story: https://www.thaipbsworld.com/gsb-to-help-750000-financially-troubled-debtors-with-debt-moratoria/

 

-- © Copyright Thai PBS 2021-07-20

 

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Maybe as well no more loan shark loans, with these people who are so far in debt.

  5555.  Sorry just a bit sarcastic of me.

Geezer