Arkhom launches SME lending initiativeFinance Minister Arkom Termpittayapaisith (Bangkok Post file photo)The government is ready to relax the rules to help small and medium-sized enterprises (SMEs) access loans from financial institutions more easily, says Finance Minister Arkhom Termpittayapaisith. His ministry also supports the use of digital technology to help SMEs expand their businesses, Mr Arkhom said on Thursday at an event launching a digital supply chain finance project. Mr Arkhom said the digital supply chain finance platform will be a key driver of economic growth next year. The central bank, in collaboration with the private sector, launched the digital supply chain finance project for businesses to provide them with greater access to finance. Payong Srivanich, chairman of the TBA, said the digital supply chain finance solution would open up opportunities for SMEs to access more bank loans via information-based lending.

Source: Bangkok Post December 16, 2021 03:40 UTC