Finance Ministry prepares to propose to Cabinet to suspend farmers’ debts

Bangkok 21 Sep. - The Ministry of Finance is preparing to propose to the Cabinet next Tuesday to consider measures to suspend farmers' debt for 3 years.

Mr. Chulaphan Amornvivat, Deputy Minister of Finance, revealed that after consulting with the Bank for Agriculture and Agricultural Cooperatives (BAAC), the Fiscal Policy Office (FPO) and related agencies. Regarding measures to suspend farmers' debts Prepare a summary of measures to submit to the Cabinet for consideration next week. in creating measures to suspend farmers' debts for 3 years

As for helping SME entrepreneurs according to the Cabinet resolution, it is expected that when a working group is set up to determine debt suspension guidelines for SME groups. Will rush to summarize the meters as soon as possible. Initially, the focus is on using data on debtor groups according to Code 21 of the Bank of Thailand. This is a group of debtors who are overdue for more than 90 days. For those affected by COVID-19, out of 300 billion baht in debt, there are approximately 3 million customer accounts, most of whom are government bank customers. Especially the Government Savings Bank To suspend debt, both principal and interest, for a period of 1 year. Details are expected to be prepared. To present to the Cabinet within 1 month. - Thai News Agency

Source: Thai News Agency