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Permanent Secretary Somchai explains the SME Pracharat Fund create equality in all regions pushing entrepreneurs into the system to low-interest capital sources

Mr. Somchai Hanhiran, Permanent Secretary, Ministry of Industry as the chairman of the SME Development Fund in accordance with the civil state and on behalf of the Chairman Small and Medium Enterprise Development Bank of Thailand (SME Bank or SME Development Bank) revealed that from the case of news that small entrepreneurs in provincial areas Difficult to access credit in the SME Development Fund project according to the civil state which in fact such projects The objective is to support funding for upgrading. empower including used as working capital so that SMEs, businesses and industries has a higher value according to the Thailand 4.0 policy, including creating economic value and upgrading it to a high-income country Importantly, it can strengthen the fundamental economic system. This is the first fund that stands out for helping to create equality in all areas. distribute the amount to all provinces in equal proportions Reduce the inequality of the economy as well as create new entrepreneurs to occur throughout the country. with credit requests through provincial industries Submitted to the Fund to 3,030, with an amount of 15,522 million baht.

The measures for the development of SMEs in accordance with the civil state consist of 1) the SME Development Fund project according to the civil state line by the Department of Industrial Promotion (KorFhor.) with a credit line of 20,000 million baht, an interest rate of 1% throughout the contract period. Repayment period of 7 years, no repayment in the first 3 years, no collateral required, maximum loan amount of 10 million baht per person and 75% or more will be a loan amount of no more than 3 million baht per person. To assist SMEs registered in the form of a juristic person The business must be in the strategic group of each province. 2) SMEs Transformation Loan project by SMEs, credit line 15,000 million baht, fixed interest rate 3% for the first 3 years, 4th-7th year, interest rate MLR per year, borrowing no more than 15 million baht, loan term not more than 7 year, repayment of principal not exceeding 12 months. In addition, in case of borrowing not exceeding 5 million baht, TCG can be used as collateral without having to have securities. To assist SMEs registered in the form of a juristic person that are affected by the economy that causes the business to need working capital for strength, is a new entrepreneur (NEW/START UP) or that is innovative, has potential or has a tendency to grow into the era of Industry 4.0 and SMEs 4.0 and

3) Small and Medium Enterprise Business Rehabilitation Project by the Office of Small and Medium Enterprises Promotion (OSMEP), with a credit limit of 2,000 million baht, each person does not exceed 1 million baht, does not require repayment of debt up to 3 years, no interest No collateral required no interest rate To open opportunities for the first time for SMEs registered in the form of natural persons and juristic persons In the form of providing working capital or improving the business and the project to revitalize small enterprises, the fund limit is 1,000 million baht, each person does not exceed 1 million baht, the repayment period is 5-7 years, no interest. No collateral required To provide opportunities for SMEs entrepreneurs registered in the form of natural persons, body of persons and juristic persons who face debt repayment problems. or lack of working capital can apply for business rehabilitation

In this regard, the SME Development Fund in accordance with the Civil State The applicant’s qualifications have been pre-specified, for example, must be an SME who is a juristic person of Thai nationality. The business is in the 10 S-Curve group or businesses that are of strategic importance in the economic and social development of the province. Must be SMEs to participate in government projects to nurture new businesses Have at least 12 months of normal repayment history, not in the process of receiving financial assistance from a government funding program and government rehabilitation measures, etc., in addition to receiving low interest funds. It has also developed various business potentials along with such as knowledge training measures. Help create product standards promote marketing, etc. to upgrade them to become SMEs with higher business capabilities This will create sustainable strength for the Thai economy. Instead of providing only low interest capital.

“The SME Development Fund according to the Civil State It is the government’s policy that wants to encourage Thai SMEs to conduct their business to be competitive. and in accordance with the intent to encourage SMEs to register to enter the system correctly Therefore, criteria and qualifications have been set in advance. as a guideline to promote and support SMEs to be strong and is a model showing If SMEs do business properly in the system, they will receive continuous support. At the same time, those who are not yet in service The government has not left anyone behind. can use the services of other funds that are already supported which in addition to receiving credit There are also measures to enhance potential along with So that in the future, it can be developed to be able to login as well,” said Mr. Somchai.

*SMEs entrepreneurs interested in the SME Development Fund according to the civil state guidelines You can express your intention to submit an application at Provincial Industrial Office SMEs Support and Rescue Center (SME Support & Rescue Center), Department of Industrial Promotion or SME Bank. * SMEs Transformation Loan or other bank loans. You can ask for more information at Call Center 1357 or SME Bank all branches nationwide. And follow good activities via facebook.com/SMEDevelopmentBank *Small and Medium Enterprises Rehabilitation Project and Small Enterprise Rehabilitation Project For more information, please call 0-2278-8800.

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