Author Topic: Government seeks solutions to informal debt problems  (Read 146 times)

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Offline thaiga

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Government seeks solutions to informal debt problems
« on: June 28, 2018, 12:21:35 PM »
Government seeks solutions to informal debt problems

The government has stepped up efforts to address informal debt problems in Thailand, as nearly 350,000 villagers have combined debts worth more than 20 billion baht.

The Defense Ministry Spokesman, Gen. Lt. Kongcheep Trantrawanich, said on Tuesday (June 26th) that the Defense Minister, Gen. Prawit Wongsuwon, had instructed security agencies to quickly assess and seek solutions to the informal debt problems. The move is aimed at helping people, especially farmers, in accordance with the government policy.

According to a preliminary survey, there are 15,591 informal creditors and 345,023 debtors with a total debt of over 20 billion baht. Of that, 54,772 have already received assistance from the government.

Debt-ridden individuals and those owing money to creditors who are not members of the financial institutions or state agencies can request assistance from the government's Damrongtham complaints centers nationwide.

Anyone unable to settle debts will have their balance transferred to a state-run financial institution.
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