SOFT LOANS FOR SEZS IN SOUTH
State-run banks have joined forces to extend Bt35 billion in soft loans to special economic zones in the Southern border provinces.
Soraphol Tulayasathien, deputy spokesman for finance, said the move came after the Cabinet on Tuesday agreed to the Ministry of Finance’s proposal for the extension of financial measures or soft loans through state-run banks to SEZs in the southern border provinces.
Among support projects for the three southern border provinces, Government Savings Bank will further extend a total of Bt25 billions in soft loans for business expansion, starting from the beginning of 2018, while the Bank for Agriculture and Agricultural Cooperatives will offer debt moratorium for three years, also starting from the beginning of next year. Other financial measures will be provided by Government Housing Bank for residential loans and Islamic Bank of Thailand for low-income earners.
