SME D Bank responds to the policy of Minister Pimpattra ‘dismantle, reduce, release, create’, supporting Thai SMEs, raising the flagship ‘add capital for development partners’, increasing the potential to drive the Thai economy and society to sustainable growth.

รัฐมนตรีฯ กระทรวงอุตสาหกรรม ตรวจเยี่ยมและมอบโยบายการทำงานแก่ SME D Bank แนะใช้แนวทาง         “รื้อ-ลด-ปลด-สร้าง” ยกระดับองค์กร เพื่อเป็นกลไกสำคัญขับเคลื่อนนโยบายรัฐบาลในการสนับสนุนเอสเอ็มอีไทย ด้าน SME D Bank ขานรับ ชูเรือธง  “เติมทุนคู่พัฒนา” สนับสนุนเอสเอ็มอีสู่ความสำเร็จ ส่งต่อคุณประโยชน์สู่ทุกภาคส่วน พาเศรษฐกิจและสังคมไทยเติบโตเข้มแข็งยั่งยืน

Today (11 Mar. 2024) Ms. Pimpatra Wichaikul, Minister of Industry Revealed after visiting and providing policies to the Small and Medium Enterprise Development Bank of Thailand (SME) or SME D Bank as a state financial institution. Under the Ministry of Industry and the Ministry of Finance that it has given work policies to the committee and the management team of SME D Bank  to continue supporting target group SMEs thoroughly, in line with Thailand Vision, which aims to make Thailand an economic center in 8 areas, including tourism. Medical-health, food, aviation, transportation, future vehicles, digital and finance, providing development services along with lending. Ready to connect and take advantage of the network of partners inside and outside the Ministry of Industry.

In this regard, SME D Bank is requested to adopt the “dismantle-reduce-release-build” approach to improve the work process, meaning dismantle, reduce, and release things that are obstacles in the business operations of SMEs. Along with creating new things to support SMEs, such as developing a One Stop Service center for efficiently serving target groups. Using digital technology in every process and aiming to become a completely digital bank. In addition, the bank must take advantage of the Data Warehouse data and the Core Banking System (CBS) that the bank has developed. To be analyzed, researched and processed to gain in-depth information (SME Insight) for further formulating policies to support SMEs.

In addition, SME D Bank as a state financial institution The organization’s image must be established as Professional Banking, with a transparent, fair and professional working culture.

“I am confident in the potential of SME D Bank and am pleased to support SME D Bank’s operations in every dimension so that SME D Bank is an important mechanism for driving government policy. Able to help and increase the potential of Thai SMEs which will create benefits It creates employment, careers, and people have income. Quality of life improves Passing on benefits to all sectors, including the economy, society and the environment. Make Thailand grow strong and sustainable,” Ms. Pimpatra said.

Mr. Decha Chatutthananan, Inspector General, Ministry of Industry And the Chairman of SME D Bank said that         SME D Bank is ready to respond in accordance with the policy of the Minister of Industry. through the process “Top up capital for development” helps SMEs grow strongly.  The “finance” side provides loan products covering all SME groups. The maximum loan amount is 50 million baht. In addition, it is a special interest rate loan. Special installment periods of up to 15 years and no principal repayments for up to 24 months help reduce financial burdens. Additionally, the Small Industry Credit Guarantee Corporation (TCG) mechanism is used to support groups without collateral to gain access to capital while also considering and approving loans. To be consistent with the actual situation. During the past COVID-19 situation, SME D Bank has taken care of and helped SMEs closely and continuously. It can provide access to funding sources of more than 231,250 million baht, creating more than 1 trillion baht in circulation in the Thai economy and helping maintain employment for more than 752,345 people, along with helping to develop and strengthen the potential of more than 75,000 SMEs, as well as helping Passed the sustainable debt restructuring measures (blue-orange) of the Bank of Thailand (BoT), more than 83,520 cases, with a total amount of more than 145,240 million baht.

As for the “development” aspect, raising the potential of SMEs through the SME D Coach project that connects support from more than 50 government and private agencies into one point. Focus on adding knowledge in 6 important areas: 1. Marketing           2. Standards, product development, 3. Technology and innovation, 4. Finance, business plan writing, accounting, taxes, 5. Production, and       6. Incubation and preparation for entry into capital sources.

SME D Bank is still operating according to government policy. Solve the debt problem throughout the system for citizens and SMEs. Especially those affected by COVID-19, Code Group 21 (total credit limit not exceeding 10 million baht and is NPL as of 31 Dec. 2023) has passed various measures, such as suspending principal repayment for another year. During the suspension of principal payments, interest will be reduced by 1% per year. In addition, all default interest will be forfeited. And if the account is closed Reduce accrued interest by 100%, etc. You can request to participate from today until 30 June 2025 at SME D Bank branches that use loan services.

For this year (2024), SME D Bank is still moving forward with the process. “Top up capital for development partners” ready to upgrade the use of digital technology to provide comprehensive services to SMEs. And more widely, it includes the Core Banking System (CBS) that can provide convenient, fast, and secure financial services anywhere, anytime, 24 hours a day, and the DX  (Development Excellent) platform, a system for developing intelligent entrepreneurs. Create a learning society: e-Learning, where you can study by yourself 24 hours a day, helping to increase the potential of SMEs for sustainable success.

 

 

News announcement on March 11, 2024