Treasury cooperates with the EEC policy committee accelerate investment “Gomsin-Exim Bank-TCG” ready to compress loans for entrepreneurs in the EEC area covering 1.35 hundred thousand, increasing the opportunity to generate income enhance competitiveness strengthening the Thai economy
On October 27, 2021, Mr. Arkhom Termpittayapaisith The Minister of Finance revealed that the Government Savings Bank, Export-Import Bank of Thailand (Exim Bank) and Small Industrial Credit Guarantee Corporation (TCG) have signed a memorandum of understanding on cooperation to promote investment and financial services to develop the Eastern Special Development Zone. together with the Office of the Eastern Economic Corridor Policy Committee (OCC), which will be an important mechanism for driving and promoting the development of various types of financial products or services More than 135,788 people in the EEC area benefited from the cooperation.
In addition, cooperation in such matters It will be jointly developed new innovations for financial services, investments, imports, exports and credit guarantees. To meet the needs of investors to cover all needs convenient and fast and more efficient to enhance the competition and strengthening entrepreneurs in the EEC area in a sustainable manner, which the cooperation of the three financial institutions has driven financial transactions that will be a tool to promote economic strength in important EEC areas
Government Savings Bank offers low interest loans. Help EEC entrepreneurs
Mr. Withai Ratanakorn, President of the Government Savings Bank, said that GSB provides financial transaction services such as GSB Smooth Biz for EEC to serve as working capital to invest in fixed assets. To the target group of juristic persons engaged in the business of manufacturing, providing services, commerce and business groups aiming to solve social or environmental problems or Social Enterprise in the EEC area, loan amount 1-20 million baht, interest rate 2.99% per year, contract period 1 -10 years with fixed interest rates for the first 2 years
and credit services for happy people For entrepreneurs in the EEC area for working capital instead of using informal debt to small entrepreneurs Retail sales or service groups produce consumer products for sale The loan amount is not more than 2 hundred thousand baht, the interest rate is 1% per month (Flat Rate), the contract period is 3-10 years, which from the project GSB has no limit on the credit limit. It is expected that at the end of the factory will be able to approve loans to help those people more than 10,000 million baht.
Exim Bank provides a loan for 10 years with a total credit line of the first phase of 1 billion baht.
Mr. Rak Worakijpokathorn, Managing Director of Exim Bank, said that the bank provides financial transaction services such as “EXIM EEC Plus Loan” as a revolving line and long-term loans. For entrepreneurs of all business sizes And all industries that want to invest in EEC or want to improve machinery Digital Software Factory Especially in new target industries (S-curve) and industries affected by COVID-19. Minimum interest rate 2% per annum, maximum credit line 100 million baht, repayment period up to 10 years. This is to support the development of Thai infrastructure and industrial sectors linked to international trade. This allows Thai products and services to compete in the global market in the long run. The first phase requires a total credit limit of 1,000 million baht. If the credit limit is full, it will consider extending the credit limit.
TCG ready to provide guarantees to help EEC entrepreneurs
Mrs. Wasukan Wisansawat, Acting General Manager of TCG, said that TCG provides financial transaction services such as TCG Guarantees for customers in the EXIM Biz Transformation Loan Project and TCG Guarantees Services for customers in the project. Prachasukjai Loan for the EEC area to be used as working capital for business TCG also has measures to reduce guarantee fees. This will help reduce costs for operators to have lower expenses as well.
and TCG also has a project to give advice and advice to small entrepreneurs in business development and improvement. Advise on debt restructuring To help entrepreneurs overcome the impact at this time and able to develop the business to be more efficient in the future
