Thailand approves US$2.8bil soft loan scheme for commercial banks

Thailand's Prime Minister Srettha Thavisin. - Photo: Reuters File

BANGKOK: Thailand's cabinet on Tuesday approved a 100 billion-baht ($2.8 billion) soft loan scheme where funds would be lent to commercial banks so they could on-lend to borrowers at below-market rates, a deputy finance minister said.

The programme is aimed at helping smaller businesses obtain loans, Paopoom Rojanasakul told reporters after a cabinet meeting.

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