Bangkok: The Ministry of Finance has taken decisive action to support those impacted by the recent unrest at the Thai-Cambodian border by enlisting the help of state banks. The initiative aims to expedite compensation and provide low-interest loans to those affected.
According to Thai News Agency, Deputy Prime Minister and Minister of Finance Pichai Chunhavajira disclosed that an online meeting was convened to discuss assistance measures. This meeting was attended by various relevant agencies and focused on the four provinces most affected by the unrest: Surin, Buriram, Sisaket, and Ubon Ratchathani. The meeting served as a platform to gather insights from these provinces on the actual situation on the ground and to review the effectiveness of measures already implemented.
The Office of Insurance Commission (OIC) has introduced assistance measures for both life and non-life insurance holders. These measures include deferring premium payments and offering special privileges such as waiving health checkups and interest, where applicable.
Furthermore, the Revenue Department has summarized its relief and assistance measures, which include tax incentives for individuals and businesses affected by the incident. These incentives allow residents to deduct actual home repair costs up to 100,000 baht and vehicle repair costs up to 30,000 baht. Additionally, extensions have been granted for tax filing and payment deadlines.
Specialized financial institutions have also rolled out relief programs targeting those affected by border conflicts. These programs include debt repayment suspension, special loans for post-disaster recovery, low-interest loans, and housing rehabilitation loans.