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Cabinet okays Bt350bn aid measure for tourism industry, small businesses hit by Covid

Mar 23. 2021
Arkhom Termpittayapaisith, Minister of Finance (left) and Supattanapong Punmeechaow, Minister of Energy (right)
Arkhom Termpittayapaisith, Minister of Finance (left) and Supattanapong Punmeechaow, Minister of Energy (right)
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By The Nation

The Cabinet approved two aid measures proposed by the Finance Ministry on Tuesday, Deputy PM Supattanapong Punmeechaow said.

Under the scheme, Bt250 billion under a revive and restart credit measure for hotel operators and tourism businesses and about Bt100 billion for an “asset warehousing” project to help small businesses.

Under the warehousing project, small business owners can “park” their assets and buy them back over five years. The businesses will be allowed to continue using the property.

The Thai Bankers Association has said it is ready to support both measures to help businesses affected by the Covid-19 fallout to survive as well as help revive the national economy.

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