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Friday, May 3, 2024

Cabinet approves B50bn loan

Business is unusually quiet at Walking Street in Pattaya amid the second Covid-19 outbreak. (Photo by Nutthawat Wichieanbut)

The cabinet has approved a 50-billion-baht low-interest loan programme to assist informal workers and small and medium-sized enterprises (SMEs) related to the tourism sector.

Since the new wave of the Covid-19 outbreak resulted in certain areas being placed under stringent control, subsequently affecting people’s livelihood and businesses, especially those operating in the tourism sector, the cabinet has approved the roll out of additional measures to alleviate debt shouldered by the people and SMEs, said Finance Minister Arkhom Termpittayapaisith.

The Government Savings Bank (GSB) and the Bank for Agriculture and Agricultural Cooperatives have been approved total loans worth 40…

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