Mr. Archom Termpittayaphaisit The Minister of Finance said that from the ongoing situation of the Coronavirus 2019 (COVID-19) epidemic and led to the announcement of the highest control areas in total of 28 provinces of the Epidemic Situation Administration Center. Infected with the coronavirus 2019 (COVID-19) (FEC) in order to mitigate the impact on entrepreneurs and the public from the situation that can not be predicted that it will widen to much. any The Ministry of Finance and Specialized Financial Institutions therefore have implemented various financial measures, whether they are already existing ones, which can be implemented immediately. And other additional measures Including measures to enhance liquidity (Credit and credit guarantee) and debt relief measures (Suspension of debt) with important measures can be summarized as follows
1. Measures to enhance liquidity (Credit and credit guarantee)
To assist entrepreneurs and people affected by the COVID-19 virus outbreak Provide liquidity for everyday spending and business operations. The Ministry of Finance, together with the Bank of Thailand (BOT) and Specialized Financial Institutions, have implemented measures for low-interest loans and credit guarantee measures to provide assistance to entrepreneurs and the public. With details as follows
1.1 Liquidity enhancement measures for entrepreneurs consist of
1.1.1 The Government Savings Bank has implemented the following low-interest loan programs for entrepreneurs: 1) Low-interest loan programs to assist entrepreneurs who have been directly and indirectly affected by the coronavirus (COVID-19) outbreak for Entrepreneurs in tourism and related businesses (Soft Travel Loans), the remaining amount is approximately 7,800 million baht. The remaining amount is approximately 4,200 million baht and 3) SMEs savings loan projects with project funds of 10,000 million baht, all projects accept credit requests until June 30, 2021.
1.1.2 The Small and Medium Enterprise Development Bank of Thailand (SME) has implemented a credit program to assist small entrepreneurs affected by the coronavirus outbreak (COVID-19) (Extra Cash Loans). The remaining amount is approximately 5,900 million baht, accepting loan applications until June 30, 2021.
1.1.3 The Small Industry Credit Guarantee Corporation (TCG) has implemented the following credit guarantees for SMEs and small entrepreneurs: 1) Thai SMEs Credit Guarantee Program to Combat COVID Project credit limit of 5,000 million baht under the Portfolio Guarantee Scheme Phase 9 2) Micro Thai Credit Guarantee Program to Fight COVID Project credit of 5,000 million baht under the Micro Entrepreneurs Phase 4 credit guarantee program, both projects accept credit guarantee applications until January 31, 2021 and 3) PGS Soft Loan Plus credit guarantee project remaining approximately 54,000 million baht. SMEs who qualify under the Soft Loan of the Bank of Thailand and Soft Loan Travel of the Government Savings Bank Receive credit guarantee applications according to the credit application period of each project.
In addition, the Ministry of Finance, together with the BOT, has issued an Emergency Decree on providing financial assistance to enterprises affected by the 2019 2020 coronavirus outbreak (Soft Loan). T.), with the remaining amount of approximately 370,000 million baht, accepting loan applications until April 18, 2021.
1.2 Measures to enhance liquidity for people
1.2.1 The Government Savings Bank has implemented the following low-interest credit programs: 1) Expense loan scheme for self-employed people affected by the coronavirus (COVID-19) (emergency credit), the remaining amount is approximately 2,700 million baht. And 2) Fundamental enhancement loan project The remaining amount is approximately 10,000 million baht, with both projects extending the credit application time until June 30, 2021.
1.2.2 Bank for Agriculture and Agricultural Cooperatives (BAAC) has implemented the following low-interest credit programs for citizens: 1) Emergency credit program The remaining amount is approximately 11,000 million baht, which has been extended to accept loan applications until June 30, 2021 2) Sufficient Loan (SL) project amount 10,000 million baht 3) New Gen Hug hometown loan project. Project credit 60,000 million baht and 4) New production season short-term loan (Jump Start Credit) project credit amount 100,000 million baht, all projects will be ended on June 30, 2021.
2. Measures to relieve debt burden (Suspend debt payment)
Each specialized financial institution has 3 groups of debtors: 1) the green group is the group that can return to normal debt repayment 2) the yellow group. Is the group that returns to partially repay the debt, not the full amount to be paid and 3) the red group is the group that has problems unable to pay the debt. Specialized Financial Institutions will consider additional measures to assist each debtor specifically, whether it is an extension of debt repayment period. Debt restructuring And providing credit to increase liquidity Including customer contact to proactively help. For customers in the highest controlled areas according to the announcement of the BACC, the Ministry of Finance will coordinate the BOT to provide assistance to entrepreneurs and the public in commercial banks in the same manner as financial institutions. Separate
The Ministry of Finance is confident that such financial measures Whether it is a low-interest loan measure
Credit guarantee measures And measures to relieve debt burden Will help alleviate liquidity problems of entrepreneurs To be able to operate business and maintain employment Including helping to alleviate the burden of affected people In order for the economy to be able to drive further in the midst of the COVID-19 epidemic, the government has taken measures to control the epidemic from spreading. The Ministry of Finance will monitor the situation closely and be ready to issue appropriate measures to take care of the Thai economy in a timely manner when the situation changes.
Ask for more information
- ธนาคารออมสิน โทร. 1115
- ธนาคารเพื่อการเกษตรและสหกรณ์การเกษตร โทร. 02-555-0555
- ธนาคารอาคารสงเคราะห์ โทร. 0-2645-9000
- Small and Medium Enterprise Development Bank of Thailand Tel.1357
- ธนาคารเพื่อการส่งออกและนำเข้าแห่งประเทศไทย โทร. 0-2617-2111
- ธนาคารอิสลามแห่งประเทศไทย โทร. 1302
- บรรษัทประกันสินเชื่ออุตสาหกรรมขนาดย่อม โทร. 0-2890-9999
Source: Ministry of Finance
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