Thai govt pawnshops offer free loans in latest bid to halt soaring household debt


Image from The Nation Thailand/ANN

BANGKOK (The Nation Thailand/ANN): Government-run pawnshops have been ordered to waive interest on repayment of loans up to 5,000 baht, Social Development and Human Security Minister Varawut Silpa-archa said on Sunday.

Varawut said the move is aimed at preventing people on low incomes from falling victim to loan sharks.

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