From the middle of October, the Bank for Agriculture and Agricultural Cooperatives will open for the registration of those who owe money to unorganised lenders as part of the Finance Ministry's policy to ease their burden.

Ennoo Suesuwan, acting president of the state-owned bank, said details of the scheme, to be carried out by BAAC and Government Savings Bank, will be discussed at a meeting with Finance Minister Korn Chatikavanij after his return from overseas roadshows.

"The two banks' registration should cover debtors nationwide, thanks to GS Bank's 800 branches and BAAC's 900 branches. However, we will need to finalise who will be entitled for the government's help," he said.

Korn earlier announced that the state-owned banks would lend loans at a lower rate to the debtors so that they could be free from unorganised lenders who charge extraordinarily high rates.

From The Nation