Thailand spends $223 million to support small and medium enterprises

The Thai cabinet has just approved two measures proposed by the Finance Ministry , which will spend 8.28 billion baht ($223 million) to guarantee interest rates and loans to help small and medium-sized enterprises more easily access capital.

The proposed measures will help cover interest and guarantee fees for loans with a term of 10 years and not exceeding 10 million baht ($270,000) for each participating business.

Thai Prime Minister Srettha Thavisin stressed that the government will spend 1.15 billion baht (31 million USD) for the first measure, to help small and medium-sized enterprises in three target sectors receive preferential loans from the Government Savings Bank (GSB).

The cabinet also allocated 7.13 billion baht ($192 million) for the Thailand Credit Guarantee Corporation to guarantee loans for small and medium-sized enterprises under phase 11 of the Portfolio Guarantee Scheme (PGS11).

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Source: https://www.sggp.org.vn/thai-lan-chi-223-trieu-usd-ho-tro-doanh-nghiep-vua-va-nho-post744385.html