Prime time relief: Govt’s debt deal targets students, teachers, and small-biz owners

Photo courtesy of Thailand News

A fresh debt relief package aimed at several demographics, including past students embroiled in student loan repayments, teachers, and owners of small-to-medium businesses, is set to be unveiled by the government, according to Prime Minister Srettha Thavisin‘s announcement yesterday.

The Bangkok-born Thai PM added that this package, which will also extend to individuals making repayments to non-banking lenders, is expected to be launched by the end of the current month.

In a move to address the debt issues plaguing various groups, the government committee tasked with debt resolution drafted new guidelines on November 14. These guidelines primarily target former students grappling with their loan repayments, offering them an improved means of managing their debt.

The 61 year old Thai prime minister noted that these…