B.S. Launched 3 loan guarantee projects to meet the needs of all SMEs, supporting entrepreneurs to access capital sources, enhance liquidity, and revive businesses.
BSA PGS 11 “Sustainable SMEs” in all segments of the PGS 11 “Sustainable SMEs” to help SMEs turn around their businesses over 2 months and secured loans of more than 6,100 million baht. 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 SMIC Aiming to support SMEs covering all groups through the PGS 11 “Sustainable SMEs” loan guarantee project, which focuses on designing a variety of loan guarantee programs aimed at helping SMEs in groups to suit their needs and business
types. Guarantee 200,000 – 5 million baht per person Fee rate 1.75% per annum, free! Fees for the first
2 years2.Smart Biz project helps general entrepreneurs other than the Ignite Group. Guarantee 200,000 – 10 million baht per person 1.5% fee per
annum, free! The first 2 years fee and
3. Smart Build project, a special project to assist SMEs entrepreneurs 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. Sittikorn said that with the launch of these three new projects, the BOC It can meet the needs of all groups of SMEs. All needs are covered by assistance from “vulnerable groups”, small entrepreneurs, traders, vendors, self-employed and new entrepreneurs, as well as industrial groups under the IGNITE THAILAND strategy, and businesses operating in environmentally friendly models, ESG/BCG, and adaptation to a low-carbon society, including SMEs, real estate groups, and SMEs. In addition to meeting the needs of government policies, it also responds to the needs 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 yea
rs 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. On July 11, 2021. Up to today, more than 2 months have passed (as of September 20, 2024), and more than 6,100 million baht has been guaranteed. It has been able to help more than 5,400 SMEs access loans, generate loans in the financial institution system of more than 7,100 million baht, and maintain employment for at least 45,000 people, which is a good sign, reflecting the response from financial institutions that are ready to lend under the guarantee of the Bank.
“This loan guarantee figure reflects the loan demand of SMEs in various industries who are waiting for liquidity enhancement with low-cost loans with lenient conditions, a
s well as various support measures for business recovery from the government,” said Mr. Sittikorn.
For entrepreneurs who are interested 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 apply for consultation and financial health checks to prepare before applying for loans free of charge.
Source: Thai News Agency