Cabinet backs credit boost for SMEs in Bt15 bn package

The cabinet on March 21 gave the nod to the Small and Medium Enterprise Development Bank of Thailand to extend up to Bt15 billion in loans to small and medium-sized enterprises. The cabinet also approved plans for a major industrial estate development project in Sa Kaeo. “About 3,000 SMEs will be assisted to gain access to capital with loans of up to Bt15 million each being made available. Some Bt68.7 billion in capital will be put into circulation in the economic system,” said Nattaporn Jatusripitak, adviser to the Prime Minister’s Office. The credit assistance will help keep 24,000 workers in employment, she said. About 3,000 SMEs targeted in this scheme must fit into three groups: those facing some form of financial pressure, start-ups seeking to pursue innovation and those about to become operators under the government’s Thailand 4.0 vision for technological development.

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