SSO mulls small firm loans
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At a recent Social Security Office (SSO) meeting, it was proposed that Bt10 billion be put aside to offer loans at 2.5 per cent to owners of small businesses to help them deal with the Bt300 daily minimum wage, a source said yesterday.
However, the SSO board did not approve the budget because the issue is considered to be a mission of the Labour Ministry's Skill Development Department.
SSO secretary-general Pan Wanpinit said the proposed loan scheme would be put forward again for the board's consideration. The scheme aims to help entrepreneurs maintain liquidity.
Under the scheme, loans will be provided through commercial banks with 1 per cent of the interest given to the SSO. The loans will be granted under two conditions: no employees would be laid off and all workers will be provided with skill development training.
