BOT has revised its soft loan program to help small-and medium-size enterprises (SMEs) amid COVID-19 pandemic. BOT adjusted the definition of “business groups” as well as changed practices for the number of loan applications. SMEs are now allowed to apply for the funding twice. Originally, SMEs were permitted to apply once. BOT also issued guidelines to provide assistance to debtors to mitigate the impact of COVID-19 pandemic. BOT has extended the deadline for retail debtors to apply for assistance until June 30, 2021 (originally due on December 31, 2020).
Related Links (in Thai)
- Press Release on Soft Loan Program
- Notification on Financial Assistance
- Circular on Financial Assistance to SMEs (PDF)
- Notification on Guidelines on Debtor Assistance
- Guidelines (PDF)
Keywords: Asia Pacific, Thailand, Banking, SME, COVID-19, Credit Risk, Deadline Extension, BOT
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