Only 128 billion baht from the 500-billion small and medium-size enterprise (SME) soft loan scheme has been disbursed. However, amendments planned for the Soft Loan Acts remove many of the obstacles, allowing even SMEs with bad debt to seek soft loans. Soft loans were issued to 75,300 SMEs in Thailand, with an average loan of 1.7 million baht. The Finance Ministry, the central bank and other regulatory bodies continue to adjust the 500-billion-baht soft loan scheme to ease conditions. These conditions include SME qualification, interest rates, soft loan maturity, credit guarantee restrictions and other factors, she said.

Source: Bangkok Post February 26, 2021 23:40 UTC