BANGKOK – The Ministry of Finance has instructed government banks to help strengthen grassroots economies, which will positively impact the overall national economic system.
The Minister of Finance, Uttama Savanayana has delivered special remarks on the overall grassroots economy, in which he said the Thai economy can only be robust based on the strength of the grassroots economy, so various sectors must join forces in community development.
He said community development should be boosted through the creation of opportunities, occupational knowledge, markets and retail spaces including online access to community products, and improved access to capital by government banks such as the Government Savings Bank, the Bank for Agriculture and Agricultural Cooperatives, and SME Bank.
The government has already launched an initiative to sell community products at PTT petrol stations, which can be linked to tourism in local cities. The government also sees the need to support community based tourism and the development of homestays and community products, by allowing villagers to use state property as places to open markets. This will help promote tourism and mean more spending via the government’s wallet app as part of the Chim Shop Chai campaign, said the Finance Minister.
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