SMEs keen on government-subsidised loans
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Nearly 3,000 small and medium-sized enterprises (SMEs) have applied for Pracha Rat loans totalling Bt10.66 billion from the SME Development Bank since the Cabinet established the fund two months ago, Industry Ministry permanent secretary Somchai Harnhirun said on Monday.
Somchai, who chairs the Development Bank, said applications by 833 of the 2,883 SMEs had been approved so far, worth Bt1.56 billion. They would receive the operational funding at the end of this month, he said.
The Cabinet set aside Bt20 billion for the Development Bank’s Pracha Rat fund at a subsidised interest rate of 1 per cent.
