The state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) aims to help the 30% of low-income earners under the state welfare scheme who apply for job training programmes to rise above the poverty line.
Under the second phase of the government's welfare and subsidy scheme, the BAAC is providing job training and loans to develop careers and boost income. The bank also provides personalised planning for each registrant of the welfare scheme to help them breach the poverty line.
The bank expects enrolment will reach 4 million by the time registration closes at the end of April, and it plans to construct personalised plans for career development and debt reduction for 80% of the registrants by May, president Apirom Sukprasert told the Bangkok Post in an interview.
