The Thai government has extended its 'You Fight, We Help' project to provide further support for small non-bank debtors, with the Cabinet approving two key measures.

Deputy Finance Minister Phaophum Rojanasakul announced that the scheme now includes the 'Pay Directly, Preserve Assets' measure for debtors in arrears as of October thirty-first, two thousand twenty-four, covering various loan types such as car loans up to eight hundred thousand baht, motorcycle loans up to fifty thousand baht, supervised personal loans up to one hundred thousand or two hundred thousand baht depending on terms, digital personal loans up to twenty thousand baht, and nano-finance loans up to fifty thousand baht.

Under this measure, the repayment burden will be reduced to seventy percent of the original amount over a three-year period with a ten-percentage-point interest rate reduction throughout, and interest on the reduced portion will be suspended and waived if specified conditions are met.

The second measure, known as 'Pay, Close, Finish,' targets individual non-bank debtors in default with outstanding balances of no more than five thousand baht, enabling them to settle their debt by paying only ten percent of the outstanding amount.

To facilitate these initiatives, the Ministry of Finance has secured a fifty-billion-baht soft loan facility from the Government Savings Bank for a three-year term, with the allocation to each non-bank determined by the revenue losses incurred from participating in the scheme.

Small non-bank debtors can apply for the program via the Bank of Thailand website or by contacting their creditors directly.

The deadline for applications is April thirtieth.

The 'You Fight, We Help' scheme is part of the government's broader strategy to address household debt, improve liquidity, and expedite debt repayment.