Bangkok, Minister of Industry advises SME D Bank to “dismantle – reduce – release – build” to raise the organization’s level. To be an important mechanism to drive government policy in supporting Thai SMEs, SME D Bank responded by raising the flagship “Top up capital for development” to support SMEs towards success. Passing on benefits to all sectors Leading the Thai economy and society to grow strong and sustainable
Ms. Pimpatra Wichaikul, Minister of Industry Revealed after giving policy to the Small and Medium Enterprise Development Bank of Thailand (SME) or SME D Bank as a state financial institution. Under the Ministry of Industry and the Ministry of Finance that it has given work policies to the committee and the SME D Bank management team to continue supporting SMEs Target groups thoroughly, in line with Thailand Vision, which aims to make Thailand an economic center in 8 areas, including tourism Medical-health, food, aviation, transportation, future vehicles, digital and finance, providing developme
nt services along with lending. Ready to connect and take advantage of the network of partners inside and outside the Ministry of Industry.
Ready to ask SME D Bank to adopt the “dismantle-reduce-release-build” approach to elevate the work process by dismantling, reducing, and releasing things that are obstacles to SME business operations. along with creating new things to support SMEs, such as developing a One Stop Service center to efficiently serve target groups Using digital technology in every process and aiming to become a completely digital bank. In addition, the bank must take advantage of the Data Warehouse data and the Core Banking System (CBS) that the bank has developed. To be analyzed, researched and processed to gain in-depth information (SME Insight) for further formulating policies to support SMEs.
Mr. Decha Chatutthananan, Inspector General, Ministry of Industry and Chairman of the Board of SME D Bank said that SME D Bank is ready to respond to the implementation of the policy of the Ministe
r of Industry. through the process ‘Top up capital for development’ helps SMEs grow strongly, with the ‘finance’ side providing loan products covering all SME groups. The maximum loan amount is 50 million baht. In addition, it is a special interest rate loan. Special long installment payments of up to 15 years and no principal payments for up to 24 months, helping to reduce financial burdens.
In addition, the Small Industry Credit Guarantee Corporation (TCG) mechanism is used to support groups without collateral to gain access to capital while considering and approving loans in accordance with the actual situation. During the past COVID-19 situation, SME D The Bank looks after and assists SMEs closely and continuously. It can provide access to funding sources of more than 231,250 million baht, creating more than 1 trillion baht in circulation in the Thai economy and helping maintain employment for more than 752,345 people, along with helping to develop and enhance the potential of more than 75,000 SMEs, as w
ell as helping Passed the sustainable debt restructuring measures (blue-orange) of the Bank of Thailand (BoT), more than 83,520 cases, with a total amount of more than 145,240 million baht.
As for the “development” aspect, raising the potential of SMEs through the SME D Coach project that connects support from more than 50 government and private agencies into one point. Emphasis on adding knowledge in 6 important areas: 1. Marketing 2. Product development standards 3. Technology and innovation 4. Finance, business plan writing, accounting, taxes 5. Production and 6. Incubation and preparation for entry into capital sources.
SME D Bank is still operating according to government policy. Solve the debt problem throughout the system for citizens and SMEs. Especially those affected by COVID-19, Code Group 21 (total credit limit not exceeding 10 million baht and is NPL as of Dec. 31, 2023) through various measures such as suspending principal repayment for another year. During the suspension of principal payments
, interest will be reduced by 1% per year. In addition, all default interest will be forfeited. And if the account is closed Reduce accrued interest by 100%, etc. You can request to participate from today until 30 June 2025 at SME D Bank branches that use loan services.
For 2024, SME D Bank is still moving forward with the process. “Add funds for development partners” ready to upgrade the use of digital technology to provide comprehensive services to SMEs. And more widely, includes the Core Banking System (CBS) that can provide convenient, fast, and secure financial services anywhere, anytime, 24 hours a day, and the DX (Development Excellent) platform, a system for developing intelligent entrepreneurs. Create a society of e-Learning, where you can study by yourself 24 hours a day, helping to fill the potential of SMEs for sustainable success.
Source: Thai News Agency