Cabinet backs debt relief extension : vimarsana.com

Cabinet backs debt relief extension


Cabinet backs debt relief extension
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State-owned firms to help until year-end
published :
30 Jun 2021 at 05:27
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People follow social distancing while queuing at a Government Savings Bank branch in a shopping mall. (Photo: Varuth Hirunyatheb)
The cabinet on Tuesday approved seven state-owned financial institutions extending debt relief measures for their customers for another six months to help ease the impact of Covid-19, says Finance Minister Arkhom Termpittayapaisith.
He said the existing measures are set to expire in June or July.
These institutions have provided relief measures to 7.56 million individuals and small and medium-sized enterprises (SMEs), totalling 3.46 trillion baht in loans since February 2020. The measures range from the suspension of principal and interest payments to the extension of the debt repayment period.

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