Friday, May 29, 2020

SME loan fund gets another Bt3-bn injection

Oct 24. 2019
Suriya Juangroongruangkit
Suriya Juangroongruangkit
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By The Nation

The Industry Ministry will boost small and medium-sized enterprises’ liquidity with a Bt3-billion loan to the SME Development Fund under the government’s Pracha Rat scheme. 

Minister Suriya Juangroongruangkit said this week the loan would be directed at agriculture, “creative” industries and other businesses tapping digital technology to become more competitive.

He noted that Thai GDP growth has been slow this year due to ongoing global trade disputes and many SMEs are struggling but have yet to access loans.

The fund has granted loans to 10,567 SMEs since 2017, totalling Bt16.12 billion.

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