Ministry defers SMEs' debt paymentsThe Industry Ministry will suspend debt payments for 12 months for small and medium-sized enterprises (SMEs) affected by the Covid-19 outbreak who borrowed money from the 20-billion-baht Pracha Rat fund. "The cabinet has approved the rescue measures by suspending debt payments for 12 months for SMEs to fight the spread of Covid-19 and the drought crisis," he said. He said the rescue measure will cover many provinces such as Bangkok, Samut Prakran, Songkla, Samut Sakhon, Pathum Thani, Nakhon Pathom and Phuket. In February, the Industry Ministry teamed up with state agencies and business operators to help over 100,000 businesses access financing through the Pracha Rat fund. The Industry Ministry recently announced it plans to roll out rescue measures by suspending debt payments for 6-12 months for 2,500 small community enterprises and SMEs through a revolving fund for household industries and handicrafts.
Source: Bangkok Post March 30, 2020 20:15 UTC