On July 16, 2024, Thailand's Cabinet approved a 100 billion baht Soft Loan to facilitate easier access to loans for small and medium-sized enterprises (SMEs). The funds will be lent to commercial banks, enabling them to offer loans to SMEs at below-market rates. Mr. Pornchai Thiraveja, Director General of the Fiscal Policy Office, announced that the Soft Loan project has been in effect since April 2024.
The state-owned Government Savings Bank will provide Soft Loans to commercial banks at an interest rate of 0.01 percent per year for two years. These banks, in turn, will lend to SMEs at an interest rate not exceeding 3.5 percent per year for the same period. The maximum loan amount per SME is set at 40 million baht.
Sources: https://www.thaigov.go.th/news/contents/details/85886