GSB app targets farmers
The Finance Ministry is to give struggling senior citizens rental subsidies and the Government Savings Bank (GSB) is also planning support farmers via a phone application.
Narumon Pinyosinwat, vice finance minister, said on Wednesday that the ministry was considering offering rental grants for senior citizens whose children do not take care of them and have no home. The financial support would be the latest grant to support the poor under the state welfare card. Currently, the government gives monthly financial support to 11.4 million people, including 3.9 million senior citizens.
Chatchai Payuhanaveechai, GSB president, also said that the bank has developed the 020 E-Commerce Platform app. This was part of the bank's efforts to assist farmers to access markets directly.
The bank also offers Bt50,000 in personal loans with an interest rate of no more than 36 per cent annually for those who owe to loan sharks to refinance their debts, he added.