Osmep launches new loan plan | Bangkok Post: business

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Osmep launches new loan plan

  • Published: | Viewed: 1,434 | Comments: 0
  • Newspaper section: Business
  • Writer: Sarissa Indhakanok & Pathom Sangwongwanich
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The Office of Small and Medium Enterprise Promotion (Osmep) has come up with a new loan scheme to help smaller businesses cope with the higher daily minimum wage, with at least 6,300 SMEs eligible. 

Under the Industry Ministry, Osmep estimates up to 100 enterprises have closed due to the the government's daily minimum wage hike to 300 baht, while about 1,000 employees were laid off.

With a budget of 193 million baht, Osmep expects the programme will improve the liquidity of SMEs affected by the higher wage.

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