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Thailand’s Finance Ministry to roll out ฿114 billion in soft loans to assist SMEs

23 Sept 05:01 Key points summarised by AI

Thailand's Cabinet approved the Finance Ministry's ฿114 billion proposal for soft loans and credit guarantees, aiming to support small and medium-sized enterprises (SMEs) and the public through the current economic crisis.
The comprehensive package targets various segments, including general SMEs, tourism businesses, smaller enterprises, and individuals who have not yet received prior government assistance.
Key provisions include ฿20 billion for general SMEs via the Government Savings Bank (GSB) and substantial credit guarantees totaling ฿67 billion through the Thai Credit Guarantee Corporation.
Further aid allocates ฿5 billion from GSB for tourism SMEs, ฿9.6 billion for tourism and other sectors from the SME Development Bank, and ฿10 billion for small SMEs/public, alongside ฿2.5 billion for micro-entrepreneurs.

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.