Labour activists have proposed that the Social Safety Workplace (SSO) use income from the dominion’s welfare scheme to offer fast loans to staff affected by Covid-19’s financial influence.
“Most staff and members of the Social Safety Fund (SSF) are affected by Covid-19,” Manas Kosol, president of the Confederation of Thai Labour, mentioned on Friday throughout an SSF seminar in Bangkok.
“Some have to pay mortgages and for automobiles, and so they want fast loans,” he mentioned, including that with out swift loans from the federal government, some staff would fall sufferer to loan sharks.
He mentioned the SSO ought to allocate some SSF income to offer particular loans to subscribers who want cash in the course of the dire financial situations.
The workplace might fork out a part of its 2.2-trillion-baht fund to offer loans to staff, he mentioned, including staff can return the cash by having their salaries routinely deducted every month.
Narong Rattananukul, a senator and member of the Home sub-committee tasked with learning the feasibility of loans being supplied within the labour sector, agreed on the seminar that the SSO ought to allocate a few of its income to fund the social trigger.
Prasan Tanprasert, president of the Industrial Property Authority of Thailand, mentioned such loans could possibly be helpful if staff weren’t required to pay excessive rates of interest.
Nonetheless, Kirida Bhaopichitr, an financial researcher on the Thailand Improvement Analysis Institute (TDRI), cautioned that the loan proponents should contemplate the notion that the SSF will face monetary shortages inside three many years.
It’s because it might want to pay a rising variety of retirees and may have fewer subscribers, she mentioned.
“The SSF has to create system to encourage your members to ship cash to the fund,” Ms Kirida informed the seminar attendants.
Pitsamai Nithipaiboon, deputy secretary-general of the SSO, recognised there have been requires the SSF to assist struggling subscribers amid the Covid-19 pandemic.
“Sure, this concern takes time and desires legal guidelines to be revised,” Ms Pitsamai mentioned.
She added the workplace will examine a proposal for the brand new loan coverage.
She didn’t spell out when or whether or not or not it can resolve to undergo with it.
As of now, the workplace has allotted 30 billion baht for loans to assist employers.
Nonetheless, these loans are organized through state banks, and employers want to offer collateral.
A complete of 104 employers have utilized for loans worth 551 million baht.