The Thai cabinet has just approved two measures proposed by the Ministry of Finance , which will allocate 8.28 billion baht (US$223 million) to guarantee interest rates and loans to help small and medium-sized enterprises (SMEs) more easily access capital.
The measures outlined help cover interest and guarantee fees for loans with a 10-year term and not exceeding 10 million baht (US$270,000) per participating business.
Thai Prime Minister Srettha Thavisin emphasized that the government will allocate 1.15 billion baht (US$31 million) for the first measure, aimed at helping small and medium-sized enterprises in three target sectors receive preferential loans from the Government Savings Bank (GSB).
The Cabinet also allocated 7.13 billion baht (US$192 million) to the Credit Guarantee Corporation of Thailand to provide loan guarantees for small and medium-sized enterprises under Phase 11 of the Portfolio Guarantee Scheme (PGS11).
PHUONG AN
Source: https://www.sggp.org.vn/thai-lan-chi-223-trieu-usd-ho-tro-doanh-nghiep-vua-va-nho-post744385.html
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