Cabinet approves another 5 bn
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THE CABINET has approved more measures worth Bt5 billion to support small and medium-sized enterprises in a bid to increase their competitiveness, Industry Minister Atchaka Sibunruang said.
The ministry expects the measures will help around 100,000 SMEs.
The Finance Ministry earlier introduced a Bt100-billion policy loan programme offering 4-per-cent interest rates and a Bt100-billion guarantee scheme for SMEs loans along with Bt6 billion worth of state venture-capital funds to increase SMEs’ liquidity. This second round of measures is meant to support that initial effort, Atchaka said.
The Bt5-billion budget includes Bt2.947 billion to strengthen SMEs that are currently operating, which is expected to help 55,338 operators. Another Bt408.47 million will support SMEs’ innovations and new start-ups, benefiting 22,715 operators.
