LABOUR EXPORTSLow-interest
The Labour Ministry will sign a deal today with a state-run bank to provide low-interest loans to Thai workers seeking employment overseas.
The ministry's Employment Department and the Bank for Agriculture and Agricultural Cooperatives will sign the agreement.
Thais wanting to work overseas can borrow to cover their travel expenses.
Under the "Fly First, Pay Later" scheme, workers who are unable to put up assets as collateral for the loans are allowed to ask individuals to act as guarantors.
About 6,000 people are expected to use the scheme every year.
The department had earlier set a target of sending 139,000 workers abroad this year, said the source.
This year it has achieved its goal as 151,742 workers have already left the country.
It has set a target of 140,000 workers next year.
The Fly First, Pay Later scheme is expected to boost opportunities for job seekers wanting to work abroad.
Instead of borrowing from loan sharks who charge high interest rates, job seekers can now get low-interest loans under the scheme.
The number of Thais working overseas is expected to increase and the country's revenue from exporting workers will increase to 10 billion baht a year after the scheme starts, said the source.
Pairoj Suksamrit, the director-general of the Employment Department, said negotiations on labour exports under a government-to-government deal were being held between Thailand and three countries _ Israel, South Korea and Japan.
The department is preparing a memorandum of understanding for exporting Thai workers to Japan.
It will be signed with the Association for International Manpower Development of Medium and Small Enterprises, he said.
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