The Bank of Thailand is considering whether to extend the transformation loan facility supporting small and medium-sized enterprises (SMEs) hit by the pandemic with a view to improving their operations over the longer term.
The SME transformation loan facility under the Soft Loan Emergency Decree is scheduled to expire on April 9.
The central bank has been considering extending the loan scheme for another year, according to assistant governor Suwannee Jatsadasak.
As of Feb 13, financial institutions that participated in the loan scheme approved loans worth a total 212 billion baht to 59,891 business operators out of a total budget for the loan scheme of 250 billion baht.
The loan facility has been granted mainly to SMEs with a credit line of 3.5 million baht per client, on average.
The transformation loan’s key objective is to enhance access to cheap funding for…
