GSB to help 750,000 financially-troubled debtors with debt moratoria

15 Sept 02:19 Key points summarised by AI

Thailand's Government Savings Bank (GSB) initiates a debt moratorium scheme to aid over 750,000 small debtors financially impacted by the COVID-19 pandemic.
The program targets borrowers with debts up to 200,000 baht, requiring no collateral, but debtors must prove financial hardship to qualify.
The scheme, estimated to cover over 50 billion baht in debts, will grant many eligible debtors a six-month moratorium period.
Debtors will be notified via SMS or the MyMo app, with the scheme rolling out in two phases starting July 25th and August, respectively.

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

20 Oct 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.