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The Cabinet approved 1,500 million baht for “GSB” to release all types of occupational capital loans.

The Cabinet approved 1,500 million baht for the Government Savings Bank to open “loan measures to create jobs, create careers” as an initial capital for occupation or to enhance liquidity for all types of technicians, hairdressers, beauty salons, retailers, wholesalers. public transport Taxi/Van/Truck and selling online etc.

Today (23 Nov) Mr. Thanakorn Wangboonkongchana, spokesman for the Prime Minister’s Office Revealing that the cabinet meeting agreed to the Government Savings Bank to implement credit measures to create jobs, create careers by approving a limit of 1,500 million baht in the part that the Government Savings Bank requests to compensate for damages caused by non-performing debt or NPL at 30 percent of the approved credit limit. All 5,000 million baht in order for the Government Savings Bank to support loans for starting capital in a career. or enhance liquidity to be able to return to work or continue doing business It also reduces dependence on high interest rates or informal loans. The details of the measures are as follows:

-Target groups: 1) Beginners and small entrepreneurs such as those who have been trained in all types of “technician” professions such as plasterers, air conditioner technicians, electricians, welders. equipment repair technicians, etc., and those who are not technicians such as beauticians or men’s haircuts Online sellers, for example, with certificates or certificates that have been trained by government or private agencies or documents. Other by type of occupation or experience In such occupations 2) small entrepreneurs that has a place to sell, for example, retail, wholesale, sales, franchises, etc., with a commercial registration trade registration franchise contract and 3) a driver of a public vehicle such as a taxi driver, a public van, a freight vehicle, a truck, with a public vehicle driving license or document. Other by type of occupation
– Total amount of 5,000 million baht
– Credit limit up to 300,000 baht per person
– Period for applying for a loan From the date of the Cabinet’s approval until 30 September 2022
– Loan term The total period must not exceed 5 years (free of principal and interest payments for the first 6 installments)
– Interest rate 3.99% per annum

“Despite the COVID-19 situation in Thailand will be relieved, but There are still people and entrepreneurs who have been affected as both incomes have decreased. Lack of funds to start a new career or wanting to enhance liquidity for the business to continue. Therefore, the Council of Ministers agreed Government Savings Bank “Loan measures to create jobs, create careers” which the Government Savings Bank will also provide training To promote financial literacy and upgrade professional skills for customers as well as providing trading equipment and places to sell products. which is expected to help people to be able to return to work or continue doing business, about 60,000 people as well,” Mr. Thanakorn say more

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