Bangkok 15 Mar. - The Ministry of Finance joins hands with state banks. Accelerate the resolution of the problem of informal debt by engaging the Government Savings Bank, BAAC, to lend 15,000 million baht, not exceeding 20,000 baht per loan, charging interest at 1 percent per month, along with debt mediation. Top up career development funds Mr. Pornchai Teerawet, Director of the Fiscal Policy Office As a spokesman for the Ministry of Finance, it was revealed that the Ministry of Finance together with the Association of State Banks Collaborate to proactively solve problems in three dimensions in a comprehensive manner, consisting of (1) informal debt mediation, (2) law enforcement, and (3) financial assistance. With specialized financial institutions, including Government Savings Bank and BAAC, supporting loans with a total credit limit of 15,000 million baht, each credit limit does not exceed 20,000 baht, interest rate 1 percent per month (Flat rate), no repayment of principal for up to 6 first installments and a period of The maximum loan repayment time is not more than 3 years. If the registrant who has passed the mediation Those who are general professionals can contact the Government Savings Bank. And if you are a farmer, you can contact the BAAC. In addition, the Government Savings Bank and BAAC also have other loan programs for registrants who have gone through mediation. Including the general public who needs loans to pay off debts outside the system through measures to help debtors outside the system, such as the People's Bank Loan Project by the Government Savings Bank. (Loan limit not exceeding 50,000 baht per person, fixed interest rate 0.75 percent per month) Loan for repaying debt outside the system by BAAC (Approved credit limit not exceeding 200,000 baht per person or in the case of land preservation The loan amount is not more than 500,000 baht per person, the starting interest rate is MRR, the loan repayment period is not more than 12 years) and Mee Tah Mee Ngern Company Limited, which is a jo int venture of the Government Savings Bank. To provide fair sales or land mortgage lending services. Interest rates starting at 7.5 percent per annum and principal repayment for 12 months. Results of the loan assistance operation from the Government Savings Bank and BAAC to solve the problem of debt outside the system for registrants who have passed mediation, as of March 14, 2024, there were 10,592 cases, divided into those who contacted to apply. 1,675 people (15.81 percent) have received assistance at both banks and 8,917 people (84.19 percent) have not yet contacted to request assistance at both banks. From the number of people who have contacted to request assistance help The two banks have already considered and approved loans for 525 people (31.34 percent of those who approached the two banks to request assistance), totaling 12.02 million baht for those registered who passed the mediation. who have not yet gone in to contact to request assistance Both banks have taken proactive steps by accelerating p ublic relations and contacting registrants via telephone and SMS using the address information of registrants through mediation. To make an appointment, please contact the bank next. For those who do not receive credit assistance because they do not meet the criteria. Both banks provided assistance to everyone. By providing advice and consultation, including debt restructuring. (reduce the installment payment amount per installment) and extending the repayment period longer) providing financial knowledge Including sending to join the project to restore the potential to find sources of income or develop careers of both banks in order to provide assistance thoroughly and efficiently. The Ministry of Finance invites those who have passed the mediation to register. Contact both banks. Both banks are ready to provide financial assistance. and provide full assistance in other areas to the people In addition, the Ministry of Finance has promoted the operation of microfinance businesses at the provincial level und er supervision. (Pico Finance Loans) in order to increase access to financial sources in the system for small citizens. As of January 2024, there are people who are permitted to operate the Pico Finance business. and has opened for operation, accumulating 1,140 customers in 75 provinces and as of December 2023, there has been a cumulative total of 4 million Pico Finance loans approved for small citizens, with a total credit limit of 38,857 million baht. Those interested in applying for a Pico Finance loan can check List of Pico Finance business operators in all 75 provinces at www.1359.go.th.-515-Thai News Agency. Source: Thai News Agency