Many government stimulus measures failed to actually pay funds to businesses and individuals in need because of overly restrictive conditions and failures by civil servants to understand the needs of the public, says Kanok Wongtrangan, a Democrat Party MP.
Only 128 billion baht from the 500-billion small and medium-size enterprise (SME) soft loan scheme has been disbursed. Mr Kanok said this is largely because of restrictive conditions for the loans and the Bank of Thailand’s decision to administer them through commercial banks instead of government banks like SME D Bank and the Government Savings Bank.
He said the SME loan programme that started last April signals the…
