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Saturday, May 11, 2024

7m in first round of debt suspension

Farmers queue for aid at the Bank for Agriculture and Agricultural Cooperatives’s Samut Prakan branch. Somchai Poomlard

The number of farmers and small and medium-sized enterprises (SMEs) eligible for the initial phase of the debt moratorium will not exceed 7 million, says Deputy Finance Minister Julapun Amornvivat.

He said for the first round the number of small-scale farmers and SMEs who will be eligible for the moratorium on both principal and interest payments will be around 4 million and 3 million, respectively.

Mr Julapun declined to offer details on the extent and limit of the debt suspension.

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