SME Bank launches a campaign for SMART SMEs, a single account, low interest of 5%, supporting SMEs, natural persons who turn to business as a juristic person

Small and Medium Enterprise Development Bank of Thailand (SME Bank) launched a campaign for SMART SMEs single-account loans or loans to encourage natural persons to do business in the form of a juristic person. to lead to the creation of a good entrepreneurial social network transparent business can be audited in a single account system This will allow entrepreneurs to access funding sources in the system. Get help to improve production productivity. (Productivity Improvement) in various fields from the government sector and network agencies both in tax assistance measures Business Administration through the government cloud system (Government Cloud Service) or a new era marketing push, E-Commerce, which will facilitate reduce costs It is good for entrepreneurs in the form of a juristic person. and can create a sustainable tax base in the long run


Today (24 Jan. 2017) Mr. Somchai Sujjapong, Permanent Secretary of the Ministry of Finance Ms. Banjongjit Angsusing, Director-General of the Department of Business Development, Ms. Phatcha Pongkeeratiyut, Deputy Director-General of the Revenue Department, Mr. Pornthep Karnsap, Deputy Director-General of the Department of Industrial Promotion, Mr. Chatchai Kunpitilak deputy director Acting in the position of Director of the Office of Software Industry Promotion and Mr. Mongkol Leelatham, Managing Director of the Bank of Thailand, joined the press conference.


Single account SMART SMEs loan, total project limit of 10,000 million baht, maximum loan amount 15 million baht, low interest of only 5% in the first year and grace period of up to 12 months, installments up to 10 years, using collateral according to the bank’s rules to support entrepreneurs to have working capital to invest, expand or improve the business The focus is on 2 groups of entrepreneurs, namely Group 1: Entrepreneurs who are legal entities that operate drugstores, gold shops, eyeglasses shops, and tourism businesses such as hotels, restaurants, travel agencies, car rental companies, souvenir shops for tourists. including spa business and tourism-related businesses, etc. Group 2: General juristic entrepreneurs registered as juristic persons for more than 1 year that operate retail, wholesale, production or service businesses. Signed a Memorandum of Understanding (MOU) with the bank by which the Bank of Thailand issued the said loan project in accordance with the resolution. Cabinet on August 9, 2016, “Measures to encourage natural persons to do business in the form of a juristic person”


Today, SME Bank signed a memorandum of understanding on cooperation with the project with 4 partner agencies, namely the Revenue Department, Department of Business Development. Department of Industrial Promotion and the National Software Industry Promotion Agency (Public Organization) to encourage entrepreneurs to access funding sources. both in the form of credit or joint investment including transferring knowledge and giving advice to entrepreneurs both in terms of product development Management and marketing by the Bank of Thailand to promote and support funding and entrepreneur development. The Revenue Department will transfer knowledge on tax, accounting, etc. Department of Business Development Pushing and supporting entrepreneurs to be able to register as a juristic person


Department of Industrial Promotion transfer knowledge management system Encourage potential entrepreneurs to access funding sources National Software Industry Promotion Agency (Public Organization) to promote software business entrepreneurs and to extend both in terms of capital and linking software entrepreneurs to other entrepreneurs to manage the system in the operation of the business Thai Hotels Association joins the screening to push potential entrepreneurs into the bank’s funding source which from the flood situation in the south causing a large number of tourism business operators to be affected If pushing these entrepreneurs to register as a juristic person and obtaining a tourism business license, Tourism Business and Guide Act B.E. 2551, can use the SMART SMEs single account loan service immediately to help and to solve problems for entrepreneurs affected by the floods in the southern region in terms of both short-term and long-term financial


Mr. Mongkol Leelatham, Managing Director of the Bank of Thailand, said that the Bank of Thailand’s operating results at the end of 2016 said that the bank helped 11,225 entrepreneurs to access funding sources, totaling 34,621 million baht, with an average loan of 3 million baht. baht and manage non-performing debt (NPLs) as targeted, with the balance (NPLs) decreased to 17,822 million baht, compared to the same period in 2015, there were 23,452 million baht (NPLs) 23,452 million baht, a decrease of 5,630 million baht. As a result, the bank had a net profit of 1,681 million baht, compared to the same period in 2015 with a total net profit of 1,235 million baht, an increase of 446 million baht, representing 36.11%.


In 2017, the SME Bank plans operations as proposed to the State Enterprise Policy Committee (Students) by defining the strategies for the year 2017 as follows: 1. Strategies for strengthening financial stability Reduce the burden of relying on government budgets with a target of loan disbursement of 30,000 million baht, reducing NPLs of not more than 16,600 million baht The goal is for 4,500 entrepreneurs to develop business knowledge, increase efficiency by 1,100, and increase the ability to run 550 businesses, including a goal to invest with 50 entrepreneurs. There is an amount of money to invest including an investment in the Eco System of 1,000 million baht. 3. Organizational development strategy to become a development bank. through the development of work systems to have standards Increasing personnel skills along with building a culture of integrity which has announced the virtues, unite the power to do good deeds

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