TCG revealed “The cumulative loan guarantee surpassed the target first 2 years building credit to the Thai economy, worth more than 1.42 million, helping 5.6 hundred thousand SMEs entrepreneurs
OnRevealing “1 trillion baht of collective loan guarantees” surpassed its target for the past two years, creating credit to the Thai economy worth more than 1.42 million baht, helping SMEs 5.6 hundred thousand andMaintain more than 7 million jobs
Dr. Rakworakitpokatron Director and General Manager Thai Credit Guarantee Corporation (TCG) revealed that TCG Beginning the new era of 2021 with the first successful results of the year, “Karm Top-up” helps SMEs gain access to credit successfully with the cumulative loan guarantee amount surpassed 1 trillion baht, recorded on January 29, 2021 with a credit limit. 1,000,493 million baht (one million four hundred ninety-three million baht) by achieving the target faster than the original plan for 2 years since the original TCG had announced in 2018, aiming to reach a million million baht by 2023 through the Help in all dimensions Both the creation of credit into the Thai economy is worth more than 1.42 trillion baht, helping SMEs in the amount of 5.6 hundred thousand, creating more than 1.11 million jobs, maintaining more than 7 million jobs, making financial institutions daring to lend credit to the group. SMEs and small entrepreneurs who still have access to funding sources in the system only two-thirds of
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Dr. Rakworakitpokatron Director and General Manager Thai Credit Guarantee Corporation (TCG.Revealed that the credit guarantee performance as of January 31, 2021 approved a credit guarantee limit of 10,680 million baht, helped 21,103 SMEs and 30,133 credit guarantees were approved, with 3 projects of the highest credit guarantee, as follows: 1. Thai SMEs fight COVID-19 with a budget of 3,900 million baht 2. Good course TCG SMEs project, an amount of 2,788 million baht and the TCG Micro Thai project to fight COVID risk 1,041 million baht
However, the new wave of Covid-19 virus outbreak and the economic fluctuation in 2020, TCG stated that 20,920 business liquidations with registered capital of 91,859 million baht were terminated. And reduce salary While the freelance group Lack of working capital and emerging SMEs need funding And there are still a group of SMEs entrepreneurs who have problems with overdue. Want to pay off debt Debt restructuring And need a low cost loan of 1,000,493 million baht (one million four hundred ninety three million baht)
“Credit guarantee It is the main mechanism that connects finance and SMEs that are very important by TCG, ready to be the engine to drive the economy and fully implement government policies in all measures to help SMEs access credit and capital. “
The highlight of the past 29 years, “TCG” is a state tool. In driving the economy to grow significantly in every dimension Through the credit guarantee mechanism under the “Small Industry Credit Guarantee Corporation Act 2534” with an initial registered capital of 400 million baht, starting to guarantee loans for SMEs entrepreneurs as an Individual Guarantee to the beginning of helping SMEs entrepreneurs through the mechanism State since February 21, 2535 onwards, with a credit guarantee amount. First year (1992) 168 million baht, helping 140 SMEs.
Later in the year 2000, the government increased its registered capital by 4,000 million baht, resulting in TCG’s ability to make a credit guarantee balance in 2001 at 2,505 million baht. The government increased its registered capital 2 times, resulting in a total registered capital of 6,839.94 million baht.
In 2009, TCG revised its loan guarantee model from Individual Guarantee to Portfolio Guarantee Scheme to build confidence for financial institutions in providing credit. In that year Closing of credit guarantees at 21,558 million baht, then in 2010, the credit guarantees doubled to 42,585 million baht and the cumulative credit guarantees reached 100,000 million baht. Accumulated increased to 300 billion baht and in 2016 increased to 5 hundred billion baht, respectively.
In 2017 it was announced “The Small Industry Credit Guarantee Corporation Act (No. 2) Amended” expands the scope of credit guarantees to cover factoring, hire purchase and leasing transactions, including credit-like transactions, and expands the “definition” of financial institutions. Allowing TCG to guarantee non-bank loans, such amendments resulted in the year 2018 TCG had accumulated surety to 7 hundred billion baht that year TCG therefore announced a target to help SMEs. Access to loans to reach 1 trillion baht within 5 years or within 2023.
Since 2019 Under the management of Dr. Rakworakitpokat, TCG has made a major organizational restructuring to transform the organization by the end of 2020 TCG can help SMEs access more credit. 166,000 credit guarantees of 141,888 million baht, and the first performance in 2021 on January 29, 2021 TCG has achieved the goal of helping SMEs access credit. With the cumulative loan guarantee of 1 trillion baht, help SMEs 5.6 hundred thousand, or about 20% of the number of SMEs in the country.
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