He added that the programme would apply to borrowers from state-run banks such as the Bank for Agriculture and Agricultural Cooperatives, Krungthai Bank, and Government Housing Bank. The government would compensate the banks for interest payments during the moratorium period, though the duration has not yet been specified.
Prime minister’s statement
Earlier in the day, Prime Minister Anutin Charnvirakul mentioned the debt moratorium while delivering his policy statement to Parliament.
Anutin said debt relief would be one of his government’s 15 urgent policies. He added that the government would support bank debtors owing no more than 100,000 baht and allow SMEs to borrow up to one million baht each to boost liquidity.