The Bank of Thailand launches 3 loan guarantee projects to help enhance liquidity

The Bank of Thailand has introduced 3 loan guarantee projects to help SMEs of all groups enhance liquidity, revive their businesses, and help "vulnerable groups" such as traders, traders, and the self-employed. After PGS 11, the loan guarantee amount is 6,100 million baht. BSA PGS 11 "Sustainable SMEs" in all segments of the PGS 11 "Sustainable SMEs" guarantee portfolio to help SMEs turn around their businesses for more than 2 months, and more than 6,100 million baht in loan guarantees have been issued. Helping SMEs access loans for at least 5,400 people Mr. Sithikorn Direksunthorn Director and General Manager of the Small Industry Credit Insurance Corporation (SMIC) said that the SME aims to support SMEs in all groups through the PGS 11 "Sustainable SMEs" loan guarantee program, which focuses on designing a variety of loan guarantee programs to help SMEs in groups to suit their needs and business types. The Smart One project helps general entrepreneurs in addition to the Ignite Group. Guarantee 200,000 - 5 million baht per person Fee rate 1.75% per annum, free! Fees for the first 2 years The Smart Biz project helps general entrepreneurs in addition to the Ignite Group. Guarantee 200,000 - 10 million baht per person 1.5% fee per annum, free! Fees for the first 2 years, and Smart Build Project, a special project to support SMEs in the real estate sector. Guarantee 200,000 - 10 million baht per person Fee rate 1.75% per annum, free! Fees for the first 3 years Mr. Sithikorn said that the introduction of 3 new projects In order to meet the needs of SMEs entrepreneurs of all groups and all needs, it covers assistance ranging from helping "vulnerable groups", small entrepreneurs, traders, traders, self-employed and new entrepreneurs, as well as industrial groups under the IGNITE THAILAND strategy, environmentally friendly business practices, ESG/BCG, and adaptation to a low-carbon society, including SMEs in the real estate sector. In addition to meeting the needs of government policies, it also responds to the ne eds of emerging business trends. Under the PGS 11 loan guarantee project "Sustainable SMEs". There are various benefits that the government supports, such as free loan guarantee fees starting from the first two years in which the government issues guarantee fees, as well as the expansion of the loan guarantee limit per person with a low fee rate from 10,000 baht to 40 million baht per person. The guarantee period is up to 10 years, helping SMEs to save costs. For the PGS 11 loan guarantee project "Sustainable SMEs", the Bank has signed a cooperation agreement with financial institutions for more than 2 months (as of September 20, 2024) with a loan guarantee amount of more than 6,100 million baht. Assisted more than 5,400 SMEs to access loans, resulting in 7,100 million baht in systemic loans. Maintaining employment of at least 45,000 people is a good sign, reflecting the response from financial institutions that are ready to lend under the guarantee of the Bank of Thailand. For entrepreneurs who are intere sted in participating in the PGS11 loan guarantee project "Sustainable SMEs", please contact the district office of the 11th bank. or register via Line OA : @tcgfirst The service is also provided through the "SMEs Financial Advisory Center" which is ready to advise and advise SMEs on accessing capital sources. SMEs can obtain financial counseling and health checks to prepare before applying for loans for free. Source: Thai News Agency