TCG board gives green light to 2 measures to solve debt for SMEs, suspending debt for 1 year, SMEs code 21, registration open 1 Jan. 2024, ready to pay off debt, reduce principal by 15%.
On December 27, 2023, Mr. Sittikorn Direksuntorn, Director and General Manager The Small Industry Credit Guarantee Corporation or TCG said that the TCG Board of Directors has resolved to approve the implementation of the project to assist SMEs entrepreneurs as proposed by TCG, including 2 projects:
1. Debt suspension measures Small and medium-sized enterprise operators or SMEs affected by the outbreak of coronavirus disease 2019. Project duration 18 months, starting 1 Jan. 2024 – 30 June 2025 according to conditions. As follows:
– Being a SMEs debtor, code 21 (account status code 21 for debtors who are overdue for more than 90 days from the impact of COVID 2019 or NPL) (as of 31 December 2023), both natural persons and juristic persons with a contract amount not exceeding 10 million baht
– Is a debtor of TCG who participated in the debt restructuring project and participated in the TCG measures ready to help. and comply with the conditions for a period of 3 months, can suspend payment of installments for 1 year (not later than June 2025)
– After the debt moratorium is due Pay installments according to the original debt restructuring plan.
– It is expected that approximately 64,000 debtors will be able to join the project and return to the system during the debt moratorium period. Depends on the time period for submitting the debtor’s request (total period 18 months and must pay in installments continuously for 3 months).
– Registration opens January 1, 2024 onwards via Line Official Account @tcgfirst and TCG district offices nationwide.
2. Continuing the 3-color measures to relieve debt, the blue measures reduce the principal by 15% (period 1 January – 30 June 2024).
– For TCG debtors who participate in the TCG project. Ready to help restructure TCG’s debt by entering the 3-color measures in the green group. and enter the blue measures (3 color measures: purple, yellow, green)
– Being a debtor of TCG, Green Group, with a good payment history for 3 consecutive months and wanting to get rid of TCG’s debt. To help debtors feel lighter, TCG reduces the principal by 15%, with the debt due within 60 days from the date of approval.
The project is an extension of the blue measures, debt relief, principal reduction of 15% (purple, yellow, green and blue). It is an additional project following the 3 color measures for debtors in the green group, paying good installments in 3 consecutive installments who want to pay off debt. You can submit a request to join the blue measures. Available from 1 January 2024 onwards.
The project duration is 6 months, ending June 30, 2024. It is expected to help debtors in the micro or small group return to the system faster. It is expected that approximately 5,000 people will be able to solve their debts.
for debtors who want to receive advice on debt resolution, debt relief, debt restructuring You can request a free consultation. at the SMEs Financial Advisory Center or TCG FACenter or register for free consultation at Line Official Account @tcgfirst
2023-12-27 11:50:00
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