Debt moratorium to benefit 7 million farmers and SMEs

Deputy Finance Minister Julapun Amornvivat has announced that no more than 7 million farmers and small and medium-sized enterprises (SMEs) will qualify for the initial phase of the debt moratorium. The breakdown of this figure is expected to be around 4 million small-scale farmers and 3 million SMEs. The Deputy Finance Minister has refrained from providing specifics on the scope and limit of the debt suspension, with these details largely determined by the government’s fiscal responsibility in terms of interest payments to state financial institutions.

“The debt relief will be offered to small-scale farmers and SMEs without the need to prove any hardship,” revealed Julapun. Further details of the scheme are awaited over the forthcoming fortnight and are set to be submitted to a cabinet meeting at the onset of next month.

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