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Monday, May 6, 2024

Government Savings Bank unveils 100,000 baht loan scheme for struggling self-employed workers in Thailand

Photo: KhaoSod

The Government Savings Bank (GSB) is launching a loan scheme targeting small-scale self-employed individuals, such as taxi drivers, motorcycle taxi drivers, riders, and online sellers. The bank is offering loans of up to 100,000 baht, repayable over eight years, to support these workers who have been adversely affected by the rising cost of living, resulting in reduced income and financial hardship.

GSB’s director, Witthaya Rattanakorn, revealed that this initiative is in response to the government’s directive to aid taxi drivers and those in public transport or self-employment who are struggling due to the current economic climate. The loan scheme is designed to provide working capital or boost liquidity, ensuring these individuals can access financial services within the system and reduce their dependence on high-interest, unfair loans…

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