Cabinet Earmarks 55 Billion Baht for Government Housing Bank

The Cabinet has allocated 55 billion baht to the Government Housing Bank (GHB) to provide soft loans for home buyers and homeowners seeking to repair their premises. This decision allows the GHB to continue its successful 'Happy Home, Happy Life' project, which recently expired.

New Measures Under the Project

Loans for Buying and Building New Homes: The Cabinet has allocated 50 billion baht for the GHB to provide soft loans at 3% per annum for five years with a maximum loan of 3 million baht. These funds can be used to buy new houses, flats, or plots of land to build houses on.

Loans for Repairing Houses: The Cabinet has approved 5 billion baht for the GHB to grant soft loans at 1% per annum for three years with a maximum loan amount of 100,000 baht.

Deputy Finance Minister Paopoom Rojanasakul stated that the aim of these measures is to help low-income people own homes or repair their homes, which in turn will serve to stimulate the economy.