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THB1.2bn rescue fund for Thailand’s micro to medium-sized businesses

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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.

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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.

Published : August 25, 2021

By : The Nation