Office, Prime Minister reveals Cabinet approves “IGNITE THAILAND low interest loan” tourism-health-food There is no discussion about stocks falling. “Phaopoom” side states that this loan is principal-free for 6 months, free loan guarantee for 2 years.
Mr. Settha Thavisin, Prime Minister, announced the results of the Cabinet meeting that the Cabinet meeting approved the IGNITE THAILAND loan project as proposed by the Ministry of Finance through the Government Savings Bank. The objective is to support SME entrepreneurs. Can access investment sources and the financial institution system adequately Therefore, please expand to other target groups. that have clear qualifications, such as community enterprises and agricultural institutions that are juristic persons However, IGNITE THAILAND loans are what we give to SMEs. Today there is a lot of talk. and the target group has been expanded and support access to credit in a faster time as well The extended period will last until next year.
In addition, the Cabinet
also approved the Ministry of Finance’s proposal for measures to help SMEs through the 11th phase of loan guarantees and approved a credit limit of 7,125 million baht with the objective of focusing on supporting the capital potential of SMEs. SME business
As for the case of the Thai stock market falling sharply, there was no discussion at today’s Cabinet meeting. It is seen that the important factor comes from the political situation.
Mr. Paophum Rojanasakul, Deputy Minister of Finance Further explaining the IGNITE THAILAND loan project that it is a low-interest loan project that the Ministry of Finance has come out to support the Prime Minister’s IGNITE THAILAND measures. which will include the food, tourism and health industries released through the Government Savings Bank in the amount of 5,000 million baht to help entrepreneurs in three target industries. Provide easier access to credit and lower interest rates This allows these industries to grow. However, loan applicants are at high risk. Therefore, t
he guarantee must be used. Small Business Credit Guarantee Corporation (TCG) in order for loan applicants to receive project loans sufficient to meet their business needs. There is no guarantee fee in the first 2 years and a fee of only 0.75 percent per year in the 3rd and 4th years to maintain the risk. which are two measures that go together
Mr. Paophum also stated that this project has a compensation budget of approximately 1,000 million baht, which is not very high. In order to support credit and credit difference. You can apply for a loan of no more than 10 million baht per person, with a loan period of no more than 10 years, interest starting at 2.5 percent per year for the first 2 years, no principal repayment for 6 months. In addition, the meeting Today’s Cabinet has increased community enterprises and cooperatives. also provide access to this loan Because it is an industry related to agriculture and food. and adjust loans to be smaller, allowing small businesses to have access to credit.
Source: T
hai News Agency