Thailand assists fishermen with low-interest loans

The Thai government approved a low-interest loan project to improve liquidity for aquatic enterprises (phase II), with a credit limit of 5 billion baht (about 130 million USD), on November 1.

Wednesday, November 02, 2022 15:09

Thailand assists fishermen with low-interest loans ảnh 1

Illustrative image (Photo: Internet)

Bangkok (VNA) – The Thai government approved a low-interestloan project to improve liquidity for aquatic enterprises (phase II), with acredit limit of 5 billion baht (about 130 million USD), on November 1.

The Thai Cabinet also approved a financial package supporting the interestcompensation valued at more than 1 billion baht for the aquatic firms, proposedby Ministry of Agriculture and Cooperatives, said Ratchada Thanadirek, DeputySpokesperson for the Thai Prime Minister's Office.

There are some new conditions for the second-phase project, such as those whohave received preferential loans in the first phase must pay their debts ifthey want to access the assistance.

Of the 5 billion baht, 2 billion baht will be disbursed to the GovernmentSavings Bank, while the remainder will come to the Bank for Agriculture andAgricultural Cooperatives./.

VNA

#Thai government #Thai Cabinet #financial package #Ratchada Thanadirek #low-interest loan #Government Savings Bank #Vietnam #Vietnamplus #Vietnam News Agency

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