Local Economy Scheme aims to save jobs among SMEs
published : 26 Jan 2021 at 04:00
The Small and Medium Enterprise Development Bank of Thailand (SME D Bank) is joining state efforts to retain 28,800 jobs in SMEs through a new 9.5-billion-baht soft loan programme initiated by the Industry Ministry.
The money, to be granted under the ministry s Local Economy Loan scheme, is expected to help 5,760 businesses struggling with liquidity.
Industry Minister Suriya Jungrungreangkit said prospective borrowers can start submitting loan requests to SME D Bank from this month until December this year.
The scheme was approved by the cabinet on Jan 19.
Officials want the scheme to help businesses increase their liquidity and cash flow, following the latest struggles resulting from the new round of infections.