Bt100 bn to lend SMEs
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Thirteen commercial banks, Government Saving Bank and Islamic Bank today inked a Memorandum of Understanding (MoU) with Thai Credit Guarantee Corporation (TCG) to guarantee a combined lending loan of Bt100 billion to facilitate flood affected small and me
The credit guarantee scheme is draw to ensure SMEs able to access loan without collateral security requirement. Under the scheme, the bank will offer low interest rate of 3 per cent per year for three years. In addition, the credit guarantee fee of 1.75 per cent during the offered period will be paid by the government.
