GSB to extend Bt15bn to industrialists
The Cabinet approved the Finance Ministry's plan to extend financial assistance to flood-prevention construction activities among industrial estates and manufacturers in and out of industrial estates.
Government Savings Bank will take the lead in this campaign, to lend Bt15 billion for a 7-year tenor. Borrowers will be charged only 0.01 per cent throughout the tenor as the government will subsidise the interest burden, said deputy government spokesman Chalitrat Chantharubeksa.
The subsidies throughout the period are estimated at Bt4.43 billion.
Meanwhile, Suthep Liamsiricharoen, director of the Ministry of Energy's Energy Policy and Planning Office (EPPO), said that some of the 140 made-in-China water pumps have arrived in Thailand. Plus 120 pumps granted by the Japanese government, these will be used to drain water from inundated industrial estates.
All would be delivered within Nov 20.
The Cabinet today also approved a budget of Bt4.411 billion to ease impacts on individual flood victims.
