Prime Minister Srettha Thavisin has reiterated the government’s determination to resolve formal and informal debt problems within the 4-year term of his administration.
He said that the progress in tackling the debt problem over the past two months reflects his administration’s sincere intention to help people escape from the debt trap.
Debtors are divided into four main groups:
• Individuals and small and medium sized enterprises who were affected by the COVID-19 pandemic.
• Those who have regular incomes, but are over-burdened with debt obligations, including 3 million members of state cooperatives and 150,000 credit card debtors.
• 1.8 million farmers without regular incomes, who have incurred about 250 billion baht in debt, and some 600,000 debtors to the Student Loan Fund.
• Debtors who have non-performing loans. An asset management firm will be set up to resolve…
