PM Launches Fund Program to Cut Borrowing Costs in Half
Prime Minister Anuthong Chaenyeevrakul launched a program offering half-interest-rate loans to reduce borrowing costs for ordinary Thai citizens. The government allocated 4.452 billion baht through village and community funds nationwide to
Prime Minister Anuthong Chaenyeevrakul and Interior Minister opened the 'Thai Helping Thai Capital Increase, Half Interest Rate' program at Government House on August 10, 2025 at 10:35 a.m., with participation from Minister Suksomruai Wanthanyakul, chair of the National Village and Urban Community Fund Committee.
The PM stated that the program goes beyond simple cost-sharing, emphasizing that the government is working to reduce living expenses for ordinary citizens and create opportunities for income generation. He stressed that alleviating financial hardship and revitalizing grassroots economy are top government priorities, with policies focused on reducing costs, managing debt, and improving quality of life nationwide.
The government is prioritizing economic opportunities through fair and affordable formal credit systems to develop occupational skills, increase income, and strengthen households and communities for long-term national development.
The PM noted that the program aims to reach people quickly and as broadly as possible. The Village Fund Office is implementing the initiative with a total budget of 4,452 million baht distributed to 79,610 village funds, urban community funds, and military community funds to improve financial liquidity and support livelihoods.
The PM emphasized this is not merely a capital injection but a government policy to encourage people to access formal credit systems and avoid high-interest informal loans that risk losing land, rice fields, and homes. The program will enable sustainable self-reliance, strengthen community funds, and drive stable grassroots economic growth through cooperation across all sectors.
The PM delegated full decision-making authority to Minister Suksomruai to work with the National Village and Urban Community Fund Office to maximize public benefit. He called on government officials and relevant agencies to provide full cooperation, noting that while budgets and programs are allocated, success depends on understanding that proper business principles can transform these funds into income-generating opportunities that help people avoid costly informal debt.
