Money to purchase seized property
PUBLISHED: 17 Aug 2024 at 06: 20
The Land Bank Administration Institute needs more cash, according to the Supha Wongsena Foundation for Debtors ‘ Rights Reform, to help people pay off their debts.
The Department of Special Investigation ( DSI) held a seminar on reducing household debt last Thursday at the DSI Academy in the Nong Chok district.
Arjin Joonglook, the foundation’s evil president, said her company is working on a job to help debt avoid having their possessions seized. She used an instance from Phatthalung as an illustration.
One person allegedly owed money to the Government Savings Bank, but Ms. Arjin contacted the basis for assistance. The Land Bank of the Land Bank Administration Institute product was obtained by the foundation for the debtor.
The creditor submitted his loan application, and in three to six months, he was given a loan to buy back his home. Additionally, the institution provided him with career education so he could make more money.
” I want the government to give the Land Bank a bigger finances,” said Ms. Arjin, so that it can assist more borrowers in resolving their economic issues asap.
The administration’s plan to “end women’s hardship”, which next prime minister Srettha Thavisin announced on May 17 of last year, includes plans to address issues regarding various types of loan, including home loan, debts owed to farmers, and debts owed to the Student Loan Fund, said Justice Minister Pol Col Tawee Sodsong, who attended the conference.
According to Pol Col Tawee, the government has at least partially met the aim, citing the Interior Ministry’s success in settling casual debts.
But, he said 90 % of all debts are elegant ones, adding three million cases related to such debts, worth tens of thousands of baht, have been filed with the Legal Execution Department, with lenders in 700, 000 cases having had their property seized.
The minister claimed that the government’s top priority is to assist citizens in paying off their official debts. A 470 million baht budget was approved by the House’s subcommittee on land, buildings, and state enterprises at a meeting last Friday. The budget was approved without being reduced by the subcommittee.