B240bn loan guarantee for SMEs | Bangkok Post: business

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B240bn loan guarantee for SMEs

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Thai Credit Guarantee Corporation (TCG) expects to sign agreements with 17 financial institutions to guarantee loans worth a combined 240 billion baht under the government's wage impact relief programme for small and medium-sized operators. 

Chairman Surachai Danaitangtrakul said the government earlier approved a new tranche of soft loans worth 240 billion baht to help ease the impact of the daily minimum wage hike.

Apart from SMEs, TCG also provides credit guarantee for new graduates seeking to become entrepreneurs, another election pledge of the government.

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