The Bank of Thailand (BoT) is expecting small and medium-sized enterprises (SMEs) to feel the brunt of the latest wave of Covid-19 infections.
However, the central bank insists its latest soft loan scheme would allow entrepreneurs facing higher risk during the pandemic to access funds more easily.
“Given the third wave and the spread of the virus, this will hurt already vulnerable SME businesses,” said Suwannee Jatsadasak, senior director of the regulatory policy department 2. “However, the central bank has been closely monitoring the new wave of infections and is ready to implement additional measures to help borrowers hit by the pandemic both commercially and individually.”
According to Ms Suwannee, the central bank’s amended soft loan scheme worth 250 billion baht will allow a maximum debt guarantee coverage from the Thai Credit Guarantee Corporation (TGC) of…
