Mr. Phiphat Ratchakitprakarn, Minister of Labour, presided over the signing ceremony of the Memorandum of Understanding (MOU) for the Employment Promotion Loan Project Phase 3 (2025-2026), witnessed by Mr. Boonsong Thapchaiyuth, Permanent Secretary of the Ministry of Labour. The MOU was signed between Dr. Benjarong Suwankiri, Senior Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand); Ms. Marasri Jairangsee, Secretary-General of the Social Security Office, Ministry of Labour; and executives from five other financial institutions, including Bank for Agriculture and Agricultural Cooperatives (BAAC), Krungthai Bank, Bangkok Bank, United Overseas Bank (UOB), and Thai Credit Bank, at Centara Life Government Complex Hotel and Convention Center, Chaeng Watthana, on May 29, 2025.
The collaboration aims to provide financial liquidity to enterprises registered with the Social Security Office, enabling them to maintain employment and business continuity. The project offers a total credit line of 30 billion baht, with a maximum loan limit of 50 million baht per borrower across all participating financial institutions and a fixed interest rate starting at 2% per year for the first three years.