The scheme's potential borrowers and partners will be sorted out by the bank's allies including the
SMEs and business incubators with growth potential but lacking funding are the scheme's main targets.
The bank's partners will also strengthen other business aspects of the scheme's participants, Mr Tachaphol said, adding that the cooperation would last five years.
The Bank of
SMEs have been the most vulnerable during the recent months-long political impasse, as they typically have less working capital than companies, and banks are reluctant to lend to them for fear of defaults. Sharpening local SMEs' competitiveness is a priority for the
The GSB has outstanding SME loans worth
The bank's total lending amounts to
Mr Tachaphol said SMEs that were qualified to be partners in the venture capital scheme must have more than
The GSB has invested 500 million and
Finance permanent secretary Rungson Sriworasat said SME development was the second most urgent item on the NCPO's agenda after the pledging payments to rice farmers.
Should local SMEs suffer financially, it would create a knock-on effect at large companies for which SMEs are part of the supply chain, he said.
If SMEs continue to struggle and are forced to lay off employees, it will become a social issue for the NCPO, Mr Rungson added.
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