THB1.2bn rescue fund for Thailand’s micro to medium-sized businesses
The Small and Medium Enterprises Promotion board on Wednesday approved a budget of 1.2 billion baht to help micro-entrepreneurs and small to medium-sized businesses (MSMEs) survive the Covid-19 crisis.
The board, chaired by PM Prayut Chan-o-cha, set aside 1.225 billion baht to aid MSMEs, which have been hit hard by the pandemic and restrictions.
Prayut also ordered rapid development of Single Sign On (SSO), a database platform to facilitate the exchange of services and information between SMEs.
The PM also proposed amending the SME promotion law to accommodate changes to business operations post-Covid-19.
