Recently, the government launched a new programme to eradicate underground debt, at the same time encouraging borrowers with underground debt to refinance their obligations. Would-be participants were invited to register at the Government Savings Bank from December 1st until 30th, 2009, at which time the Chief Control Department will filter the debt types and distribute each debtor to a government bank determined to be responsible for them. Six government banks will participate in the programme; the Bank for Agriculture and Agricultural Cooperatives (BAAC), the Government Saving Bank, the SME Bank, the Islamic Bank of Thailand, the Krung Thai Bank and the Government Housing Bank.
