Ekniti launches AI Nok Krasip Loan to help SMEs access credit

Post Today•Economy•10d ago

Reader Briefing

Deputy Prime Minister Ekniti Nitithandpraphas introduced the AI Nok Krasip Loan project to help freelancers and SMEs access formal credit using actual sales data.

•The AI Nok Krasip project uses actual sales data from the Thung Ngern application to evaluate loan potential.
•The project aims to reduce the reliance of small entrepreneurs on informal debt.
•Multiple financial institutions, including Krungthai Bank and Government Savings Bank, provide specific loan products under this scheme.
•The AI Nok Krasip tool has already been available for 3 months as a free assistant in the Thung Ngern app.

Overview

•The AI Nok Krasip tool has been providing free services for 3 months in the Thung Ngern application to analyze sales and business plans.
•Ekniti Nitithandpraphas launched the AI Nok Krasip Loan to allow freelancers and SMEs to use actual sales reports as additional data for loan applications.
•Many entrepreneurs have actual sales and customers but lack the financial documentation required by traditional financial institutions.
•Ekniti Nitithandpraphas noted that shops in the Kon La Khrueng Plus project saw average sales increases of 500-600%, and post-project income increases of around 200%.
•Krungthai Bank offers two loans: a Small SME loan up to 3 million baht and a Sib Muen loan up to 500,000 baht.
•Government Savings Bank offers the GSB QR Maha Heng x Nok Krasip loan with a maximum limit of 50,000 baht.
•The Thai Credit Guarantee Corporation (TCGC) provides guarantee limits from 5,000 baht to 100 million baht depending on the project type.
•BAAC, Islamic Bank of Thailand, and SME D Bank have also joined to create loan products under the AI Nok Krasip project.

Full article content is available on the original source.

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Source: Post Today (Original)

Key Quotes

Ekniti Nitithandpraphas

"No more need to look at quick-loan signs on electric poles."

ไม่ต้องไปดูป้ายเงินด่วนตามเสาไฟฟ้าแล้ว

Key Entities

Person

Ekniti Nitithandpraphas(เอกนิติ นิติทัณฑ์ประภาศ)

Deputy Prime Minister and Minister of Finance who launched the AI Nok Krasip Loan project.

Winich Visetsuwannaphum(วินิจ วิเศษสุวรรณภูมิ)

Director of the Fiscal Policy Office and spokesperson for the Ministry of Finance.

Organization

Ministry of Finance(กระทรวงการคลัง)ℹ️

The ministry overseeing the AI Nok Krasip Loan project.

Fiscal Policy Office (FPO)(สำนักงานเศรษฐกิจการคลัง (สศค.))

The agency that studied the needs of SMEs and coordinated with financial institutions for the AI Nok Krasip Loan.

Krungthai Bank(ธนาคารกรุงไทย)ℹ️

A participating bank offering the Nok Krasip for Thung Ngern shops loan products.

Government Savings Bank(ธนาคารออมสิน)

A participating bank offering the GSB QR Maha Heng x Nok Krasip loan.

Thai Credit Guarantee Corporation (TCGC)(บรรษัทประกันสินเชื่ออุตสาหกรรมขนาดย่อม (บสย.))

An organization providing loan guarantee projects and Credit Plus guarantee projects.

Bank for Agriculture and Agricultural Cooperatives (BAAC)(ธนาคารเพื่อการเกษตรและสหกรณ์การเกษตร (ธ.ก.ส.))

A financial institution participating in creating loan products under the AI Nok Krasip project.

Islamic Bank of Thailand (ibank)(ธนาคารอิสลามแห่งประเทศไทย (ไอแบงก์))

A financial institution participating in creating loan products under the AI Nok Krasip project.

Small and Medium Enterprise Development Bank of Thailand (SME D Bank)(ธนาคารพัฒนาวิสาหกิจขนาดกลางและขนาดย่อมแห่งประเทศไทย (SME D Bank))

A financial institution participating in creating loan products under the AI Nok Krasip project.

Policy

AI Nok Krasip Loan(สินเชื่อ AI นกกระซิบ)

A loan project that uses actual sales data to help SMEs and freelancers access formal credit.

Thai Chuay Thai Plus(ไทยช่วยไทย พลัส)

A government measure to support the purchasing power and economic activities of small entrepreneurs.

Kon La Khrueng Plus(คนละครึ่ง พลัส)

A government project that helped participating shops increase their sales.