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Govt Savings Bank plans Bt150 billion loans to lower-income people

Sep 21. 2019
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By The Nation

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The Government Savings Bank (GSB) expects to provide loans of up to Bt150 billion to more than 2 million lower-income people, the bank’s president and chief executive officer, Chatchai Payuhanaveechai, said at seminar on Saturday.

 

 

Speaking at the “Join forces to drive sustainable economic development; Pracharat creates Thailand” seminar at Impact Muang Thong Thani, he said the bank will approve on average loans of Bt75,000 per person to small retailers and street vendors, aiming to target 100,000 retailers with total loans of Bt5 billion.

Loans for street food will not exceed Bt3 million per case, and loans for lower-income people to restructure their shark loans will not exceed Bt50,000 per case, he said.

“All these measures are ways to support lower-income people to improve their quality of living and have enough cash flow to operate their businesses,” he said.

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