PUBLISHED: 1 Apr 2025 at 04: 58
NEWSPAPER SECTION: News
Sheriff government spokeswoman Sasikarn Wattanachan said yesterday that many Thais face problems obtaining loans from financial corporations due to concerns about payment challenges during the start of a federal program aimed at boosting delivery vehicle sales.
Ms Sasikarn made her comments at the launch of” Kraba Pi Mee Klang Kam”, or” My Pickup, Government Credit”, which will help Thais purchase pickup trucks from now until year-end.
Known for their value and toughness, pickup trucks are important in Thailand’s transportation and agricultural sectors.
The Finance Ministry’s Thai Credit Guarantee Corporation (TCG) may handle the project, which aims to boost the business car industry, which has seen a decline in sales.
The project is expected to boost the economy by at least 21 billion rmb, with 6, 250 cars predicted to be sold.
The site’s primary ensure fund is 5 billion ringgit. Each creditor can get up to 1.5 million ringgit in warranties, with the TCG covering any economic shortfall in case of mortgage defaults.
In contrast, the state will fully protect promise fees for citizens during the first three years, while from the third to the sixth year, it may partly pay these fees. As a result, guarantee costs will be reduced to 1.5 % per month. The program will move from immediately to Dec 30.