Emergency Decree on the Provision of Financial Assistance for Entrepreneurs Affected by COVID-19 Pandemic, B.E. 2563 (2020)

The grounds for the promulgation of this Emergency Decree are as follows. Whereas COVID-19 pandemic has a widespread impact and is likely to aggravate, it is necessary to have measures in place to provide additional assistance to entrepreneurs which are a business sector that drives the economy of the country and which constitute an important source of employment in the economic system, whereby additional credit is granted in order to increase the liquidity, and debt repayment is postponed in order to be aligned with the ability to repay debts of the entrepreneurs which is expected to decrease drastically as a result of COVID-19 pandemic. Such measures must be carried out urgently in order to prevent the business sector from facing a state of liquidity shortage or defaults which may affect the financial status and the performance of duties relating to credit of financial institutions, which may then have an impact on the stability of the economic system of the country, resulting in an exacerbation of the problem and rendering it difficult to be solved later. This constitutes an emergency of unavoidable and urgent necessity for the provision of financial assistance to entrepreneurs affected by COVID-19 pandemic for the purpose of maintaining the economic security of the country. It is therefore necessary to enact this Emergency Decree.

Data Resources (2)

Data Resource Preview - Emergency Decree on the Provision of Financial Assistance for Entrepreneurs Affected by COVID-19 Pandemic, B.E. 2563 (2020) (Unofficial Translation)

Additional Info

Field Value
Geographic area (spatial range)
  • Thailand
Issuing agency/parties
  • Office of the Council of State
Implementing agencies
  • Ministry of Finance
Language
  • English
  • Thai
Formal type of document Royal Decree
Topics
  • Laws and regulations
  • Legal framework
  • Public and administrative legal services
  • Small and medium enterprises SME
Primary policy reference point
  • Emergency Decree on Public Administration in Emergency Situation, B.E. 2548 (2005)
License Other (Public Domain)
Copyright No
Access and use constraints

This law is under the public domain

Status Signed and in effect
Adoption date/Enacted/Promulgation date/Signing date 2020-04-19
Effective/Enforced Date 2020-04-19
Publication reference The Government Gazette, Vol. 137, part 30a, page 12, dated 19th April B.E. 2563 (2020) | ราชกิจจานุเบกษา เล่ม 137 ตอนที่ 30ก 19 เมษายน 2563
Links to source English: http://web.krisdika.go.th/data/slideshow/File/6-EN-EMERGENCY.pdf | Thai: http://web.krisdika.go.th/data/slideshow/File/6-TH-EMERGENCY.pdf
Contact

The Office of the Council of State

Keywords COVID-19,Coronavirus,Emergency Situation,Entrepreneurs
Date uploaded April 30, 2020, 08:25 (UTC)
Date modified April 30, 2020, 08:30 (UTC)