Picture courtesy of Marek Okon, Unsplash
Industry Minister Akanat Promphan is advancing initiatives to assist small and medium-sized enterprises (SMEs) in mitigating financial pressures and enhancing their technological capabilities to remain competitive.
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Industry Minister Akanat Promphan is advancing initiatives to assist small and medium-sized enterprises (SMEs) in mitigating financial pressures and enhancing their technological capabilities to remain competitive.
The Industry Ministry’s broader objective is to reform Thailand’s manufacturing sector, according to Akanat. To this end, the ministry plans to provide financial aid through its SME development fund, aiming to alleviate the financial challenges faced by these enterprises.
SMEs will have access to low-interest loans designed to boost their competitiveness and address liquidity issues. A total of 1.9 billion baht (US$57 million) has been earmarked for this purpose, Akanat said.
“This will help SMEs gain better access to financial sources and develop their businesses more sustainably.”
Previously, the minister revealed…