Restaurants affected by Thailand’s dining ban offered low-interest loans
The Thai Cabinet has earmarked 2 billion baht to help restaurants hit by regulations that prevent customers from dining in.
According to Finance Minister Arkhom Termpittayapaisith, the new remedy, called “Im Jai Loan”, will be limited to a maximum of 100,000 baht per applicant and will apply to established food and beverage businesses, such as restaurants, eateries and department store stalls. courts.
The loan will be provided by the Government Savings Bank at an annual interest rate of 3.99% for a maximum term of five years, with borrowers benefiting from a deferment for the first six months. The measure applies to businesses in Greater Bangkok and the southern border provinces.
Up to 40,000 businesses are expected to seek to borrow on average around 50,000 baht each. The government already has a similar measure for roadside food vendors, who can borrow up to 10,000 baht from the government savings bank at a monthly interest rate of 0.35%. (NNT)