By THE NATION
GSB president Chatchai Payuhanaveechai said on Friday (January 17) the loans will be available until December.
In an example cited, an SME owing Bt10 million in principle on a Bt50-million loan from any bank can borrow the Bt10 million from GSB.
The SME has to pay the principle first and use a receipt of the payment to secure the GSB loan in monthly instalments over 12 months.
The GSB loans cover a lending period of six years, with a grace period for the principle payment of one year.
Chatchai said the campaign is not intended to help SMEs refinance their debt, but rather enhance their liquidity.