SME D Bank aids Nan SMEs hit by floods

Khaosod•Economy•6d ago

Reader Briefing

SME D Bank has launched urgent relief measures including debt moratoriums and emergency loans for SME operators in Nan province affected by floods.

•SME D Bank offers principal and interest payment moratoriums for up to 12 months.
•Emergency capital injection loans are available for business restoration with limits up to 200,000 Baht.
•Relief measures are targeted at SME operators in Nan province identified by the Department of Disaster Prevention and Mitigation.
•Additional liquidity loans with special interest rates are available once the flood situation subsides.

•SME D Bank implemented urgent measures to assist SME operators in Nan province affected by floods.
•SME D Bank provides a moratorium on principal and interest payments for up to 12 months for term loans.
•SME D Bank allows the extension of Promissory Note (P/N) and factoring credit payment periods for up to 180 days.
•SME D Bank offers emergency loans for business restoration ranging from 30,000 to 200,000 Baht, depending on whether the borrower is an individual or a legal entity.
•The emergency restoration loan features an MLR interest rate per year, a 3-year term, and a 12-month grace period for principal payments.
•SME D Bank provides three additional liquidity loans: SME Green Productivity, Pluk Palang SME, and Beyond Tid Peek SME, with interest rates of 3% per year for the first 3 years.
•Eligible operators can apply for these voluntary measures through SME D Bank branches, the SME Development Bank LINE Official Account, or the website www.smebank.co.th.

Full article content is available on the original source.

SME D Bank

The bank providing debt moratoriums and emergency capital to SMEs in Nan province.

Small and Medium Enterprise Development Bank of Thailand(ธนาคารพัฒนาวิสาหกิจขนาดกลางและขนาดย่อมแห่งประเทศไทย)

Also known as SME D Bank, the organization implementing the relief measures.

Department of Disaster Prevention and Mitigation(กรมป้องกันและบรรเทาสาธารณภัย)

The agency whose reports are used to identify disaster-affected areas for the relief measures.

Nan(น่าน)

The province where SME operators have been affected by floods.

Pichit Mitrawong(พิชิต มิทราวงศ์)

The Managing Director of the Small and Medium Enterprise Development Bank of Thailand.