The debtor rejoices, the Government Savings Bank cancels the debt. More than 720,000 people have had their debts canceled | Siam News

2024-05-09 13:14:40

The debtor rejoices, the Government Savings Bank cancels the debt. More than 720,000 people have had their debts canceled.

The measures to assist debtors in NPL situation of the loan project to cover the expenses of self-employed workers affected by COVID-19 are in accordance with the Cabinet Resolution of December 19, 2023. The assistance is only carried out once one time. To avoid losing financial discipline

Mr. Withai Rattanakorn, Director of the Government Savings Bank, revealed that according to the government of Mr. Settha Thavisin, Prime Minister, the Government Savings Bank has been tasked to assist the debtors of the loan project to cover the expenses of the self-employed workers concerned. by coronavirus (COVID -19) Severely affected groups are still unable to collect and repay their debts. Until it became a bad debt status or NPL, which the Cabinet decided to expedite to help debtors in this group escape the NPL status to prevent debtors from losing their credit history . and can also access the system’s sources of money in the future The bank will use the budget to compensate for the damage caused by the bad debts allocated by the government for the said loan project. used to pay debts on behalf of debtors In operation since the 1st quarter of 2024, the bank has recently initiated additional actions on more than 90,000 files, helping more than 720,000 debtors within 3 months from the start of the measurement. that in the 4th quarter of 2024 it will be able to help debtors. An additional number of over 100,000 was added when additional budgetary allocation was received from the government.

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Furthermore, the assistance measures for debtors with PNP status of the loan project for the expenses of self-employed workers affected by COVID-19 are in accordance with the Resolution of the Council of Ministers of December 19, 2023, which is assistance that is only performed once. To avoid losing financial discipline The government has a policy to resolve debt problems for all groups of people to be successful and sustainable as a national agenda.

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