NOD TO COMMUNITY ENTERPRISES DRAFT BILL
The Cabinet yesterday approved the draft bill on community enterprises which will pave the way for them to be registered as juristic persons, entitling to tax promotional privileges, intellectual property protection as well as asset registration.
Nattaporn Jatusripitak, minister adviser to the Office of the Prime Minister, said that the draft was an amendment from the previous community enterprise bill, enforced since 2005.
It will also govern the launches of financial assistance to community enterprises by government agencies such as the Bank of Agriculture and Agricultural Cooperatives, Government Savings Bank, National Village and Urban Community Fund as well as the Office of Small and Medium Enterprise Promotion (Osmep).
Luck Wajananawat, deputy minister for agriculture and agricultural cooperatives, said that this draft bill will help upgrade enterprises and farmer groups to become juristic persons with accessibility to financial assistance and will solve obstacles to the development of over 85,000 community groups in Thailand.
