Deputy Finance Minister Pradit Phataraprasit ordered the Fiscal Policy Office to study the possibility of suspending debts for clients of the SME Bank.
The criteria for debtors is not clear,and a Finance Ministry source said it could face criticism as non-SME Bank customers could face disadvantages.
Mr Pradit noted that the government already had some measures to help small businesses, such as urging state banks to lend more, relaxing qualifications and speeding loan approvals. The Finance Ministry has set a new lending target for state banks of 927 billion baht this year,up from 625 billion earlier.
The Finance Ministry pushed the six state banks (Government Savings Bank,Bank for Agriculture and Agricultural Co-operatives, Government Housing Bank, SME Bank, Islamic Bank and Small Business Credit Guarantee Corporation (SBCGC)) to outline faster loan schemes.
Loan applications are supposed to take between three and 21 days, depending on the type of loan and documents.Revolving credit up to 10 million baht is to be approved in five working days.
The SBCGC has been asked to waive its guarantee fee of 1.75% for the first year while doubling the maximum guaranteed amount to 40 million baht.
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