Thailand’s GSB to extend low-interest loans to help tourism-related SMEs

[webfact]

Thailand’s GSB to extend low-interest loans to help tourism-related SMEs

 

This photograph taken on December 19, 2020 shows longtail boats moored at a beach on Koh Lipe island in the Andaman Sea. (Photo by Mladen ANTONOV / AFP)

 

The state-owned Government Savings Bank (GSB) has set aside a 10 billion baht fund for lending to small and medium-sized entrepreneurs engaged in tourism and tourism-related businesses, to help them weather the economic crisis caused by the COVID-19 pandemic.

 

GSB Director Vithai Rattanakorn said Wednesday that SMEs interested in receiving low-interest loans from the bank can apply via the bank’s website, www.gsb.or.th, from tomorrow until June 30th or until the funds run out.

 

Approved by the cabinet to boost the cash flow of the tourism related SMEs, he said that interested SMEs can use their property as collateral against loans from the bank, set at 1-10 million baht each for individuals and 1-50 million baht for juristic entities.

 

Full story: https://www.thaipbsworld.com/thailands-gsb-to-extend-low-interest-loans-to-help-tourism-related-smes/

 

-- © Copyright Thai PBS 2021-02-18

 

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[RichardColeman]

23 minutes ago, webfact said:

Approved by the cabinet to boost the cash flow of the tourism related SMEs, he said that interested SMEs can use their property as collateral against loans from the bank, set at 1-10 million baht each for individuals and 1-50 million baht for juristic entities.

Bank isn't exactly onto a loser with that is it

[sammieuk1]

Is there anyone left engaged in tourism that the government hasn't already put out of the tourism business ????