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Banks to offer cheap loans

Friday 18 February 2011, 11:18PM

Five banks are ready to offer loans totalling five billion baht to taxi drivers and street vendors at fair interest rates, Finance Minister Korn Chatikavanij said this week.

The loan scheme is part of the Government’s Thai Khem Khaeng (Strong Thailand) economic stimulus scheme involving the Government Savings Bank, Bank for Agriculture and Agricultural Co-operatives, Small and Medium Enterprise Development Bank, Islamic Bank and Krung Thai Bank.

He said 1.6 billion baht would be allocated for taxi drivers and motorcycle taxi drivers, and 3.4 billion baht for street vendors.

Central Phuket

The scheme would provide loans at fair interest rates to low-income self-employed people, the minister said.



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