Thailand Government Launches 1.9 Billion Baht Soft Loans for SMEs

The Industry Ministry of Thailand has introduced two new loan programs, offering 1.9 billion baht in total to support small and medium-sized enterprises (SMEs). These initiatives are aimed at fostering business development and improving liquidity for SMEs through low-interest loans.

Loan Programs

1. Loan for Boosting Business Efficiency – 1.2 billion baht budget
   
2. Loan for Strengthening Business Liquidity – 700 million baht budget:
   
   • Max loan: 5 million baht per company
   • Interest rate: 5-7% annually (based on collateral)
   • Repayment period: Up to 3 years

Eligibility

• Businesses must have passed the first round of the Best SME Award competitions in the past three years, or have received promotional privileges from the ministry, the Federation of Thai Industries, the Chamber of Commerce, or the Federation of Thai SMEs.
• SMEs not meeting the above criteria can still apply if they are Thai-registered companies, have operated for more than three years, and have normal debt repayment status.
• Businesses that have already received financial aid from the ministry are not eligible.

Application Process

Interested SMEs can apply via the Industry Ministry’s website, provincial industry offices, or the Small and Medium Enterprise Development Bank of Thailand (SME Bank).