Interior Ministry kicks off effort to tackle informal debt crisis

18 Sept 17:41 Key points summarised by AI

The Thai Ministry of Interior has launched a nationwide initiative to address the chronic informal debt problem, especially for low-income earners, by opening registration for debtors seeking assistance.
Debtors can register in person at provincial and district offices until February 29th, online via the ThaID application, or by contacting hotline 1567, with measures in place to protect them from creditors.
The program includes a mediation process involving local officials and police to facilitate fair debt settlements, with the Ministry of Finance and state banks providing refinancing support when necessary.

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.