New graduates will get further support from the state-owned Thai Credit Guarantee Corporation (TCG) in the form of a special guarantee that lets them set up their own businesses more easily, says acting president Vallobh Tejapaibul.
He said TCG will provide a guarantee of as high as 37.5% of the damage amount, or non-performing loan (NPL). Normally it offers a guarantee of 15.5% on NPLs.
As part of a government start-up fund of 15 billion baht, TCG will provide fresh graduates a five-year loan with a maximum borrowing amount of 2 million baht. Interest will be the minimum retail rate plus two percentage points.
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