The government has approved… Loan / SME Development Fund, the first 2 people in the country from Nan province, total amount of 13 million baht.

Mr. Somchai Harnhiran Chairman of the Board Small and Medium Enterprise Development Bank of Thailand (SME Development Bank or SME Bank) as Permanent Secretary, Ministry of Industry On behalf of the President of the SME Development Fund according to the Civil State, revealed that the SME Development Fund according to the Civil State has progressed in a very good direction. On May 15, 2017, the SME Development Fund Management Sub-Committee in accordance with the civil state led by Mr. Paisan Wimonrat, Governor of Nan Province On behalf of the chairman of the SME Development Fund Management Subcommittee along the civil state line of Nan Province had a meeting to discuss the selection of qualified entrepreneurs according to the provincial strategic plan, which SME Bank as a joint unit for credit management in this fund has successfully pushed bank customers into the source of funds, number 1, Chomphukha Co., Ltd. received approval of 3 million baht from the fund and 5 million baht for SMEs Transformation Loan, totaling 8 million baht. Second, Nan Duo Coffee Limited Partnership was approved for a credit line from the Fund of 3 million baht and a credit line for SMEs Transformation Loan of 2 million baht, totaling a limit of 5 million baht. The Nan branch is therefore considered the first branch and the first group of entrepreneurs in the country. that has been approved for a total amount of 13 million baht for entrepreneurs to be able to continue to create jobs, create jobs, generate income, build local businesses to have potential as a strong foundation to drive the economy towards the industrial age of Thailand 4.0

The two operators are former customers of the Bank of Thailand, the Nan branch, consisting of Case 1. Chompoo Phu Kha Company Limited produces and sells silverware, which is classified as SMEs in the jewelry and textile industry. Businesses that Nan Province has plans/projects to promote and develop in particular because of Nan’s silver handicrafts There are beautiful and unique patterns that have been passed down since ancient times. It is popular with many tourists. The company has been established for more than 20 years from the gathering of tribal Thai people who have expertise in silverware manufacturing techniques who see value. want to preserve this handicraft by organizing a learning center for those who are interested to continue To create jobs, create jobs, at present, more than 200 families and ethnic Thai people can be encouraged to have sustainable income for themselves, reduce social problems, and create a clear equality in social ideology. Consequently, the SME Development Fund under the Civil State line was approved, amounting to 3 million baht, with an interest rate of 1% per annum, 3-year principal repayment, 7-year repayment period, and an SMEs Transformation Loan of 5 million baht was approved. 3% interest for the first 3 years, the 4th-7th year, the normal interest rate MLR of the bank. Repayment period 7 years, can use TCG as collateral

The second case, Nan Duo Coffee Limited Partnership, produces and sells coffee beans fully integrated, which is classified as SMEs in the agricultural processing industry. Businesses that Nan Province has plans/projects to promote and develop in particular It is also a business that is in line with Nan province’s economic development strategy in terms of sustainable agricultural and industrial production. Due to the management style of the company Focus on community development Build a potential upstream business Build a reputation for the homeland to become known among the eco-tourists (Social Enterprise) and promote knowledge for local farmers. From the former corn farming to grow coffee instead. which earns much better As a result, the community has a concrete well-being. At present, there are more than 856 upland farmers in the project on more than 2,500 rai of arable land, which are scattered in various districts. In Nan provinces, such as Mueang District, Ban Luang District and Thung Chang District, etc., it has been approved for SME Development Fund in the amount of 3 million baht, interest rate 1% per annum, 3-year principal repayment period, repayment period. 7 years and approved SMEs Transformation Loan amount of 2 million baht, interest rate 3% for the first 3 years, 4th-7th year, normal interest rate MLR of the bank. Repayment period 7 years, can use TCG as collateral

Chairman of the Board of Directors of the Bank of Thailand also added that “Aside from the Nan branch customers who are about to receive approval from the fund, being the first in the country The bank also has two Phitsanulok branch customers who will be presenting at the meeting on Friday, May 19, 2017. They are expected to pass the provincial strategic criteria well. and at the same time As for the working process of the Provincial Fund Management Subcommittees It has also driven requests from operators. Which has received a lot of attention from the target group of entrepreneurs. It is expected that by the end of May, approximately 2-3 more credit lines will be approved per province.”

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 SME Support and Assistance Center, Department of Industrial Promotion or SME Bank, all branches nationwide

SMEs entrepreneurs who are interested in expressing their intention to apply for a loan for SMEs Transformation Loan or other loans from the bank can ask for more information at Call Center 1357 or follow free activities! No cost through channels facebook.com/SMEDevelopmentBank