FRIDAY, March 29, 2024
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Bt2 billion earmarked for govt pawnshop project

Bt2 billion earmarked for govt pawnshop project

In its weekly meeting on Tuesday (May 19), the Cabinet approved the Finance Ministry’s decision to earmark a Bt2-billion budget for the government’s pawnshop project amid the Covid-19 crisis.

Based on the approval, the Government Savings Bank will provide a Bt2 billion soft loan to the government pawnshop, which will then extend the payment deadline on pawn tickets and reduce interest rates.
This proposal was first put before the Cabinet by the Social Development and Human Security Ministry on March 31, after which the Finance Ministry was told to stand as guarantor before the plan could be approved.
Now that the proposal has been okayed, the Office of the Government Pawnshop will have to present its financial plan to the State Enterprise Policy Office.

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