TCG crafts bad debt guarantees
SME support line starting in April
State-owned Thai Credit Guarantee Corporation (TCG) is preparing to launch a 20-billion-baht bad debt guarantee programme to assist struggling small and medium-sized enterprises (SMEs) saddled with bad debts.
The bad debt guarantee programme will commence in April for SMEs whose loans have turned into special mention loans, defined as loans overdue by no more than 90 days or three months, said Rak Vorrakitpokatorn, TCG’s president and chief executive.
The programme will also cover SME loans that have turned into non-performing loans (NPLs), defined as loans overdue…
