SME D Bank helps Nan flood victims with debt relief and capital

Thansettakij•Economy•6d ago

Reader Briefing

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

•SME D Bank provides debt relief and emergency capital to SMEs in Nan province affected by floods.
•Debt moratoriums for Term Loans are available for up to 12 months.
•Emergency loans are offered at 10% of the original credit limit, ranging from 30,000 to 200,000 Baht.
•Three specific loan programs are available to restore liquidity and upgrade businesses after the flood.

•Floods in several areas of Nan province have caused direct and indirect damage to local SME businesses.
•SME D Bank offers a debt moratorium on principal and interest for Term Loans for a maximum of 12 months.
•SME D Bank allows the extension of promissory note (P/N) and factoring credit payment periods for up to 180 days.
•SME D Bank provides emergency loans for direct victims at 10% of original limits, with a minimum of 30,000 Baht and a maximum of 200,000 Baht.
•Emergency loans feature an MLR annual interest rate, a 3-year loan term, and a 12-month grace period on principal payments without collateral.
•SME D Bank offers three liquidity loans: SME Green Productivity (up to 30 million Baht), Pluk Palang SME (up to 1 million Baht), and Beyond Tid Peek SME (up to 30 million Baht).
•The liquidity loans provide a fixed 3% annual interest rate for the first 3 years and a maximum repayment period of 10 years.
•Interested entrepreneurs can apply through any SME D Bank branch starting from the announcement date.

Full article content is available on the original source.

Pichit Mitrawong(พิชิต มิทราวงศ์)

Managing Director of SME D Bank.

Small and Medium Enterprise Development Bank of Thailand(ธนาคารพัฒนาวิสาหกิจขนาดกลางและขนาดย่อมแห่งประเทศไทย)

The financial institution, also known as SME D Bank, providing relief measures for flood-affected SMEs in Nan.

SME D Bank

The financial institution providing relief measures for flood-affected SMEs in Nan.

Department of Disaster Prevention and Mitigation(กรมป้องกันและบรรเทาสาธารณภัย)

The government body whose reports are used to identify disaster-affected areas for SME D Bank's aid.

Nan(น่าน)

The province where flooding has occurred and affected SME entrepreneurs.

SME Green Productivity

A loan program by SME D Bank with a maximum credit limit of 30 million Baht.

Pluk Palang SME(ปลุกพลัง SME)

A loan program by SME D Bank with a maximum credit limit of 1 million Baht.

Beyond Tid Peek SME(Beyond ติดปีก SME)

A loan program by SME D Bank with a maximum credit limit of 30 million Baht.