Industry Ministry Offers 20 Billion Baht SME Loans at 3% to Tackle Energy Crisis

MGR Online•Politics•2d ago

Reader Briefing

The Ministry of Industry is launching a 20 billion baht loan program for SMEs at a 3% interest rate over three years to mitigate the impact of the energy crisis.

•The Ministry of Industry is injecting 20 billion baht through SME D Bank to support SMEs facing rising energy costs and raw material shortages.
•The loan program offers three products with a fixed 3% interest rate for three years, including credits for green productivity, small businesses, and business expansion.
•Additional measures include debt relief for vulnerable borrowers and initiatives to boost energy efficiency and raw material security, funded without new government budgets.

Overview

•The Ministry of Industry is preparing to inject 20,000 million baht into the economic system to help SMEs and operators affected by the energy crisis.
•SME D Bank is providing a loan package with 3% fixed interest for three years through three product types.
•The loan package involves 20,000 million baht in capital, with individual loan limits up to 30 million baht for some products.
•Small and medium-sized enterprises (SMEs) struggling with rising costs and raw material shortages will benefit from the loan program.
•In addition to loans, the Ministry of Industry is implementing measures for debt relief for vulnerable borrowers using a '3 reductions' approach.
•The Ministry of Industry plans to further support reducing energy costs and increasing raw material security, including promoting biofuels and recycling.
•The initiatives are designed to help businesses adapt to the new economic era, focusing on green business practices and energy efficiency.
•All these measures will be implemented immediately using existing funds from SME Bank, without requiring new government budget allocations.

Full article content is available on the original source.

Read on MGR Online (Thai Version)View in Google Translate

Source: MGR Online (Original)

View Original Article

Key Quotes

Varavuth Silpa-archa

"Currently, SME D Bank, a financial institution under the Ministry of Industry, is preparing 20,000 million baht to inject into the economic system without requiring new budget allocations."

ขณะนี้ SME D Bank สถาบันการเงินเฉพาะกิจของกระทรวงอุตสาหกรรมเตรียเม็ดเงิน 20,000 ล้านบาทเพื่ออัดฉีด เข้าสู่ระบบเศรษฐกิจ โดยไม่ต้องขอตั้งงบประมาณใหม่

Varavuth Silpa-archa

"All measures do not require government budget because SME Bank has funds ready for immediate implementation."

“มาตรการทั้งหมดไม่ต้องใช้งบประมาณรัฐบาล เพราะ SME Bank มีวงเงิน พร้อมดำเนินการทันที

Key Entities

Person

Varavuth Silpa-archa(วราวุธ ศิลปอาชา)ℹ️

Minister of Industry of Thailand announcing financial support measures for SMEs.

Organization

Ministry of Industry(กระทรวงอุตสาหกรรม)ℹ️

Thai governmental body responsible for industrial development and announcing SME support programs.

SME D Bank

A financial institution under the Ministry of Industry providing loans to Small and Medium-sized Enterprises.

Law

SME Green Productivity Loan(สินเชื่อ SME Green Productivity)

A specific loan product offered to SMEs for investing in clean energy and energy-saving equipment.

Awakening SME Loan(สินเชื่อ ปลุกพลัง SME)

A loan product targeting small SMEs with credit limits up to 1 million baht, requiring no collateral.

Beyond Aspiring SME Loan(สินเชื่อ Beyondติดปีก SME)

A loan product designed to help SMEs increase business efficiency with credit limits up to 30 million baht.

Place

Government House of Thailand(ทำเนียบรัฐบาล)ℹ️

The location where the Minister of Industry made statements before a special cabinet meeting.