Bt50 billion fund to be earmarked for loans to SMEs
The Office of Small and Medium Enterprise Promotion will earmark Bt50 billion to offer loans to small, medium and micro businesses to help boost their liquidity so they can retain workers amid the Covid-19 crisis.
The agency’s director general, Asst Professor Dr Veerapong Malai said the fund will be part of the government’s economic stimulus package and the plan will be tabled before the Cabinet on July 7.
The Bt50-billion package will provide two types of loans:
• A maximum of Bt100,000 per borrower at an interest rate of 1 per cent with a 10-year repayment period. This loan is applicable to individuals, juristic entities and community enterprises;
• A maximum of Bt1 million per borrower at an interest rate of 1 per cent with a 10-year repayment period. This loan is only applicable to juristic entity.
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