A Bt10bn loan scheme for SMEs

TUESDAY, AUGUST 02, 2016
A Bt10bn loan scheme for SMEs

Members of Thai Bankers' Association (TBA) announced today a Bt10 billion soft loan scheme for small and medium-sized enterprises (SMEs).

The scheme is highlighted as part of the government's Pracha Rath initiative aimed to boost the economy. 
Predee Dao-chai, chairman of TBA, said that through this scheme, SMEs are entitled to loans up to Bt2 million each, with 7 years in maximum term. The interest rate is set at 4 per cent per annum in the first two years. 
TBA members will start taking loan applications on August 15.