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Govt pushing policies to lift standard of living of 14m low-income people

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Govt pushing policies to lift standard of living of 14m low-income people

By The Nation




The government aims to raise the quality of living of some 14 million registered lower-income people by using state-owned banks to provide loans to them to create communities business, Deputy Prime Minister Somkid Jatusripitak said.



Somkid on Saturday opened a seminar on “Join forces to drive sustainable economic development; Pracharat creates Thailand” at Impact Muang Thong Thani.


“We are holding this event to forge collaboration between the private and public sectors to find ways to improve the quality of living and income of the country’s lower-income people,” Somkid said at the seminar.


The event brought together 2,400 representatives from both the public and private sectors and communities nationwide.

Finance Minister Uttama Savanayana said at the same seminar that the Finance Ministry would announce measures to motivate the private sector to participate in communities development.


“When we talk about developing the agricultural processing industry, the private sector has to join hands with us to develop products and marketing. This means we have to forge cooperation between the public and private sectors,” he said.


He added that the ministry has continued to develop big data and integrate the data to support lower-income people.

Some 14 million people are now registered with the government as low-income. The Finance Ministry’s Treasury Department is also finding vacant lands to make them available to serve as markets for the communities to sell their products.


“We also have a policy to use state-owned institutions such as Government Savings Bank, Bank for Agriculture and Agricultural Cooperatives, Tourism Authority of Thailand and others to find ways to create jobs for lower-income people in the country,” he said.


Uttama said the government’s policy was aimed at improving the quality of living of lower-income people who would be the base to improve the country’s sustainable economic growth.


Source: https://www.nationthailand.com/business/30376543



-- © Copyright The Nation Thailand 2019-09-22
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Kermit deep in thought umm! lightbulb on "loans" for the poor "Genius" 🤔

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