The Finance Ministry is planning to launch an ambitious debt relief initiative titled “You Fight, We Help”, targeting retail debtors, homeowners, car owners and small businesses struggling with financial challenges.
The project received a green light from the Cabinet on Wednesday.
Finance Minister Pichai Chunhavajira explained the motivation behind the project, saying: “We recognise the importance of solving people’s debt problems and believe this measure will help alleviate suffering and improve people’s well-being.”
The aim is to help some 1.9 million debtors who owe a combined debt of approximately 890 billion baht.
Shortly after the project got the Cabinet go-ahead, the ministry and the Bank of Thailand…
