PM Srettha vows to eradicate 16tn baht NPLs within his tenure

He said many borrowers had defaulted on their debt for too long and were deprived of an opportunity to carry out their business, and make a living due to growing debt.

As a result, Srettha said, he has instructed relevant agencies to collaborate across sectors to resolve all NPLs within the government’s four-year term. He added that this would help fix the country’s economic mechanism and promote growth.

He added that his government would not let people with NPLs suffer alone, but would help them, so they can become an economic driving force again.

Srettha categorised NPL debtors into four groups, namely:

• Those affected by the Covid-19 pandemic

• Those with regular income but a debt that is beyond their capacity to repay

• Those without regular income and unable to make regular payments

• Those who have defaulted for far too…