Govt launches second round of SMEs loans
The Office of Small and Medium Enterprise Promotion along with the Small and Medium Enterprise Development Bank of Thailand jointly launched the second round of “SMEs One” loans for small enterprises today (August 24).
A fund of Bt4.89 billion had been earmarked for loans for small enterprises in June, and so far, Bt3.7 billion has been approved for eligible applicants in the first round.
The remaining Bt1.2 billion will be used in the second round.
Loans in the first and second phase will be granted to applicants next month and at the end of the year, respectively.
The SMEs One loan carries a 1 per cent per year interest rate with a maximum of Bt500,000 allocated per person. The instalment period is seven years with a maximum of one year grace period for principle repayment.
