The Cabinet has approved in principle the “Clear Debt, Move Forward” programme, designed to help resolve long-overdue household debts and strengthen long-term financial stability. The initiative, led by the Ministry of Finance, the Bank of Thailand (BoT), and the NESDC, aims to assist 2.36 million small NPL accounts totaling 62.4 billion baht.
Under the scheme, asset management companies (AMCs) will purchase non-performing consumer loans from commercial banks and state financial institutions. Borrowers will receive relief options such as partial debt reductions, interest freezes, full interest waivers, and up to three-year instalment plans to settle debts and repair their credit profiles.
The Cabinet instructed relevant agencies to speed up implementation and enhance structural measures to tackle Thailand’s chronic household debt problem. NESDC emphasized the need for clear communication, strong oversight, and improved household debt databases, while recommending closely monitored evaluations of the programme’s effectiveness.
The BoT fully supports the initiative, calling it an important public–private effort to help vulnerable borrowers regain financial stability. Additional tailored relief for SFI borrowers includes principal write-downs and more flexible repayment terms.
Eligible participants include individuals with NPLs not exceeding 100,000 baht and debt overdue for more than 90 days as of 30 September 2025. Debts will be transferred to SAM or other approved AMCs, while SFI debts will be managed by Ari-AMC under BoT guidelines.
The government noted that long-term debt sustainability requires not only relief measures but also higher household incomes and competitiveness as the scheme moves forward.
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