YALA, 1 November 2013 – The Thai government is mulling to use a soft loan program to revive the economy in the Deep South which has been marred by the decade-long violence.
On Thursday, the Southern Border Provinces Administrative Center (SBPAC) invited representatives from local banks and entrepreneurs in the southern border province of Yala to brainstorm on monetary measures to help inject low-cost funds to local businesses.
According to Pol. Maj. Tavee Sodsong, SBPAC Secretary General, the current soft loan program has many restrictions; therefore fewer entrepreneurs have been able to obtain the funds.
The result of Thursday’s meeting will be submitted to the Ministry of Finance to consider how to adjust the loan conditions to better reach out to those local investors.
