Thai Government Subsidy for Franchise Investments

Thansettakij•Economy•3d ago

Reader Briefing

The Department of Business Development is promoting the Thai Chuay Thai Franchise Career Creation Plus project to help citizens start low-risk businesses.

•The Department of Business Development has gathered over 100 standard franchise brands for the project.
•The government will subsidize 50% of the investment, reducing the lowest package cost from 16,000 Baht to 8,000 Baht.
•Over 150 people have already expressed interest out of a total of 10,000 available slots.

Overview

•Over 150 people have shown interest in investing through the Thai Chuay Thai Franchise Career Creation Plus project out of 10,000 available rights.
•Punpong Naiyanapakorn stated that franchises are low-cost and have existing success models, resulting in low risk.
•The Department of Business Development has compiled more than 100 standard franchise brands.
•The lowest package price is approximately 16,000 Baht, with citizens paying only 8,000 Baht.
•The project aims to create business opportunities for both franchise owners and investors while accelerating business growth.
•The project utilizes the Thung Ngern application by Krungthai Bank to transition businesses to digital systems.
•The project links with benefits from the Thai Chuay Thai Plus 60/40 policy to help build customer bases and increase sales.

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Key Entities

Person

Punpong Naiyanapakorn(พูนพงษ์ นัยนาภากรณ์)

The Director-General of the Department of Business Development.

Organization

Department of Business Development(กรมพัฒนาธุรกิจการค้า)

The government agency managing the franchise career creation project.

Krungthai Bank(ธนาคารกรุงไทย)ℹ️

The provider of the Thung Ngern application used for digital business transition.

Policy

Thai Chuay Thai Franchise Career Creation Plus(ไทยช่วยไทย แฟรนไชส์สร้างอาชีพ พลัส)

A government proactive measure to create careers through franchise businesses.

Thai Chuay Thai Plus 60/40(ไทยช่วยไทย พลัส 60/40)

A policy providing benefits linked to the Thung Ngern application to increase sales.