Government Savings Bank debtors rejoice! ‘Pichai’ arranges a budget of 10 billion to relieve debt of 1 million people.

Phetchaburi,, "Pichai" proposes a budget of 10 billion baht to relieve NPL debt, help 1 million small debtors, supports the establishment of AMC to manage state bank debt, refuses to respond to digital wallets in accordance with the procedures. Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance Traveled to visit the Government Savings Bank, Phetchaburi branch, and then visited various activities, including the debt clinic. Training activities to create jobs and careers Financial counseling, Financial Literacy activities, along with financial support for computers for Ban Laem School Nong Ya Plong Witthaya School and Arun Pradit School Granting 30 scholarships, giving money to support this full project for the young. and provide funding to support and resolve informal debt. For Government Savings Bank customers in Phetchaburi Province Before attending a meeting to discuss with Mr. Withai Rattanakorn, Director of Government Savings Bank, along with the executive team. After the discussion Deputy Prime Minister and Minister of Finance revealed that today he came to look at several banks. For Government Savings Bank It was found that there were quite a lot of people using the service. In particular, there are many low-income customer accounts. Has given policy to the Government Savings Bank, which is considered a state bank. that it should be a bank that takes care of large, medium and small economic sectors in a balanced manner especially taking care of retail customers There are old retail customers who have problems with both SME and retail debt. The Government Savings Bank has prepared several solutions. The Ministry of Finance is considering proposing a budget to relieve debt for retail customers of the bank. If combined with another BAAC, the total debt will exceed 1 million, which are debtors with debts not exceeding 10,000 baht each and are in debt. for a long time Total debt of approximately 10,000 million baht has become bad debt ((NPL) which the government helps first and allows the repayment in installments gradually, possibly within 2-3 years. It does not use a lot of money, approximately 10,000 million baht, but can help people get rid of debt up to the principle. million people Allows you to start counting again. The other group is those with debts not exceeding 30,000 baht and more than 30,000 baht. Most of them were found to be SMEs for which banks must set a reserve of zero. There is consideration of having to sell debt to AMC, with the Government Savings Bank willing to sell out these debtors. Then there will be a management system for collecting debt from small businesses instead. Government Savings Bank is therefore ready to cooperate with the company. Asset Management Bangkok Commercial Company Limited (BAMC) or BAM has expertise in efficient management systems. to be able to pay off this group of debts 'Overall, AMC's debt management will not suffer a loss if managed efficiently. Government Savings Bank will transfer NPL debt to AMC through the technology system. Make the d ebt collection system efficiently And this can reduce the amount of NPL debt in another way. I admit that this group of NPL debt has been around for a long time. The bank has already set up debt reserves. Now is the perfect time to use that mechanism. Let's solve the debt problem. It is expected that the announcement of the AMC and policy announcement will be made within May and all steps will be completed by June 2024,' Mr. Pichai said. News reporter asked about the progress in the case of the 10,000 baht digital wallet top-up project. Deputy Prime Minister and Minister of Finance Said I wouldn't answer. I would like to answer only on the principle that digital platforms are the technological future of the world. Everyone must go. As for the digital wallet project, we will have to wait for the steps to follow. As for the matter of reviving LTF funds, we see that it is something that is popular, especially LTFs that do not have a long lifespan. From the data it is found that in the past it was worth 3-4 hun dred billion baht. If it follows the same trend and a new SET50 is created, it is believed that the market will recover. and bring back the market cap that used to be 1 trillion baht As for the conditions, there still needs to be additional consideration to be given. Has the holding period decreased? From the original holding period of 7 calendar years, however, there must still be other measures to further promote the capital market, which will be discussed in detail in the next period. Source: Thai News Agency