Royalties. Lending students choose 10 industries targeting reduction of principal interest in response to government policies. Accelerate the production of manpower to support the branches that are demanding of the labor market
Anucha Buraphachaisri, a spokesman for the Prime Minister’s Office, revealed that Education Loan Fund (Kor Sor.) Responding to government policies That focus on creating opportunities For children and youth in Thailand Especially poor or disadvantaged children Provide access to education To produce manpower in 10 target industries and 3 infrastructures by the Royal Thai Government.
In this regard, the Royal Thai Government has created the “Human Capital Development Promotion Project” which was conducted during the academic year 2019 – 2023 for students. Borrowers at the bachelor level Upon graduation In the specified field of study The interest rate is not more than 0.5% per year.
In addition, a 30% principal discount is provided for students. Students who borrow money at the vocational level Upon graduation In the specified field of study Will charge interest The rate does not exceed 0.5% per annum and receive a 50% discount on the principal.
The goal of the said project To enter manpower In the field of demand 10 target industries In the area of special economic zones and professional fields in shortage In line with the Thailand 4.0 policy and the BCG economy (Bio-Circular-Green Economy)
For 10 target industries including
- The automotive industry of the future
- Intelligent electronic industry
- Tourism industry, good income groups and health tourism
- Agriculture and Biotechnology
- Food processing industry
- Robot industry
- Aviation and logistics industry
- Biofuels and Biochemistry
- Digital industry
- Integrated medical industry
While 3 infrastructures include rail industry, commercial marine industry And the logistics industry In the academic year 2019 and 2020, 59,874 students and 65,217 students have participated, respectively.
In the past, the NBTC has also implemented measures to help borrowers. During COVID-19, for example
- 100% penalty cut for overdue borrowers and closing accounts until 30 June 2021.
- Reduce 80% penalties, only for non-prosecuted borrowers who have outstanding debt until 30 June 2021.
- 5% principal reduction for borrowers who never fail to pay off debts and pay off their accounts at the same time ending June 30, 2021.
- Reduced the penalty rate from 7.5% to 0.5% until 30 June 2021.
- A suspension of debt payments to borrowers with a two-year state benefit card (2020-2021
Since 1996, there have been 5,972,343 borrowers, a loan of 655,146 million baht, and for the status of the NBTC as of the end of 2020, from 5.9 million borrowers, 1,343,496 borrowers have closed their accounts 998,512 and In the process of paying debt 3,567,661 cases
Of the 3.5 million borrowers, there were 2,209,509 default borrowers, representing 78,506 million baht in outstanding principal.
In the academic year 2020, the NBTC provided 600,000 loans amounting to 33,000 million baht and the management fund. By not using the national budget since 2018
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