Premier Prayut kicks off SME Revolution event
IN opening the “SME Revolution” event today (March 10) at Queen Sirikit National Convention Center Prime Minister Prayut Chan-o-cha moved to turn Thai small and medium enterprises (SMEs) into smart SMEs in the era of Industry 4.0 under Thailand 4.0 policy.
Three funds worth 37 billion baht for SMEs were also launched at this event, running during March 10-12, by Premier Prayut who was accompanies with Deputy Premier Somkid Jatusripitak.
The first fund is worth 20 billion baht and comes under Pracha Rat (People’s State) initiative and is aimed at supporting and helping SMEs become SME 4.0 with the Industry Ministry being in charge.
The second is SME revival fund worth 2 billion baht and handled by the Office of Small and Medium Enterprises to help SMEs cope with debt problems including non-performing loans (NPLs) but they would have to undergo a deep analysis to restructure their business first before getting supportive funds which have to be repaid but low-interest loans are available.
Finally is the SME Transformation Loan worth 15 billion baht which the SME Bank will use to help business operators with all provinces getting a share depending on their economic potential.
Top: SME Revolution event poster with an image of Prime Minister Prayut Chan-o-cha. Photo: Facebook.com/SMErevolution2017/