BAAC offers 1 year debt moratorium to 3.3 million farmers and farmer’s groups

BAAC offers 1 year debt moratorium to 3.3 million farmers and farmer’s groups

13 Sept 11:48 Key points summarised by AI

Thailand’s state-run BAAC will grant a one-year debt moratorium to 3.3 million farmers, farmer’s groups, and agricultural entities starting April to alleviate impacts from COVID-19 and drought.
This automatic measure, covering approximately 1.2 trillion baht in debt, is part of broader support including interest rate cuts, extended repayment periods, and soft loans for SMEs.

New home loan scheme aims to boost property sector with Bt125 billion

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.

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