BANGKOK, 10 September 2015, – The committee in charge of the National Village and Urban Community Fund is urgently laying down loan-raising criteria for a new batch of village fund worth 60 billion baht, just injected by the government. [along with inspection and evaluation guidelines.
Minister attached to the Prime Minister’s Office Suwapan Tanyuwattana on Wednesday attended a meeting of the committee to consider the fund’s criteria to be provided through the Government Savings Bank and the Bank for Agriculture and Agricultural Cooperatives.
Under the criteria, each Village Fund would act as the borrower and set the loan criteria for the fund’s recipients. For instance, money lent to target customers, both individuals and group of villagers, must be spent on boosting occupation conditions and generating income to the recipients. The amount of money to be borrowed can be between 30,000 baht and 100,000 baht. The minister underlined that inspection and evaluation guidelines are being drafted by a committee involved.
