Allowing seniors aged 60 years and over to borrow funds without interest

Mr. Anucha Burapachaisri Deputy Secretary-General to the Prime Minister for Political Affairs Acting as a spokesman for the Prime Minister’s Office reveals the government through the Elderly Fund. Department of Older Persons The Ministry of Social Development and Human Security (MSDHS) continues to take care of the elderly. Open to seniors aged 60 years and over to borrow funds to work. Individuals with a credit limit of not more than 30,000 baht per person, groups of 5 or more people, a credit limit of not more than 100,000 baht, without interest. which caring for the elderly through the Elderly Fund It is the government’s commitment to implement concrete policies on the welfare of the elderly. so that the elderly can take such interest-free loans come as capital or as working capital in business operations Including being a circulation of liquidity for spending for the elderly Substitute for informal debt

Mr. Anucha said Elderly Fund The Department of Older Persons, MSDHS has allowed senior citizens aged 60 years and over to borrow funds for occupational purposes, individual, not exceeding 30,000 baht per person, group not exceeding 100,000 baht, not less than 5 co-borrowers must have a guarantor. All types of loans must be repaid in installments. Within a period of not more than 3 years without interest. For the borrower’s qualifications are as follows: aged 60 years or more It is necessary to apply for occupational loan support. have the ability to make a career Have a strong physical condition to be able to work There are factors that support careers. have a place of employment in the same province where the loan is applied and not being a person in arrears for the elderly fund payment

As for the qualifications of the guarantor, it is not over 59 years old, is a person with regular income or salary. Have a domicile according to the civil registration in the same province as the borrower not being a borrower Not being a guarantor for another person requesting a loan Supporting documents for submitting a request include an identity card. (Borrower – Guarantor) House Registration (Borrower – Guarantor) Guarantor Salary Certificate marriage certificate or divorce certificate (if any); death certificate in case of spouse’s death (if any); certificate of changing name of surname (if any). and full-body photographs while working can borrow money through online channels, the Elderly Fund website olderfund.dop.go.th interested seniors For more information, please contact telephone number 0 2354 6100, the Elderly Fund. (Department of Older Persons), Bangkok or other provinces at the Provincial Social Development and Human Security Office in every province

However, at the latest meeting of the Board of Management of the Elderly Fund on March 22, 2023, there were 579 approved occupational borrowers and there were 8 approved projects requesting support by the Older Persons Fund. According to the Older Persons Act, 2003, to be used as a fund for the protection, promotion and support of the elderly to have potential, security and good quality of life. as well as supporting the activities of organizations working in relation to promoting and supporting the elderly to be continually strong.-Thai News Agency

Source: Thai News Agency