House of Representatives, Cabinet supports IGNITE THAILAND loans, setting a budget of 1,150 million baht to help support tourism groups. medical center food hub Push Government Savings Bank to lend 5 billion baht Mr. Chai Watcharong, Spokesman of the Prime Minister's Office Revealed that the Cabinet meeting approved the IGNITE THAILAND loan project with a budget of 1,150 million baht to enhance liquidity or invest in improving/expanding businesses for SMEs in 3 groups: Tourism Hub, Medical Center and Health (Wellness and Medical Hub) and Food Hub (Agriculture and Food Hub) By specifying the operator Has been in business for not less than 1 year and is currently still in business. Have the ability to repay debts as determined by the Government Savings Bank. Focus on providing new loans to existing or new customers. and is not a debtor who has transferred debt (Refinance). Set a credit limit of 5,000 million baht for each customer group as follows: (1) Tourism Hub Group, credit limit of 1,500 million baht (2) Medical and Health Hub Group (Wellness and Medical Hub) ) Amount of 1,500 million baht (3) Food Hub Group (Agriculture and Food Hub) Amount of 2,000 million baht The Government Savings Bank can allocate the amount of money in each group as appropriate. The credit limit is not more than 10 million baht per person. The loan term is not more than 10 years. Grace Period is not more than 6 months. Apply for the loan until 30 December 2025 or until the credit limit runs out. The loan must be completed by December 30, 2026. In the loan guarantee section of TCG's total guarantee amount is 5,000 million baht. Each guarantee is not more than 10 million baht. Apply for a minimum guarantee of not less than 200,000 baht at a time. The guarantee period is not more than 10 years. A guarantee fee is charged at 1.75 percent per year of the guarantee amount. SMEs entrepreneurs in years 1 - 2 at the rate of 1.75 percent per year and in years 3 - 4 at the rate of 1 percent per year, with TCG paying insurance compensation throughout the loan guarantee, not exceeding the loan guarantee fee received. from SMEs entrepreneurs combined with government budget support including projects not exceeding 30 percent The government has set a budget of 1,150 million baht, with the Government Savings Bank requesting compensation from the government. Compensate money costs at 2.5 percent per year for 2 years, totaling 250 million baht from a credit line of 5,000 million baht, by requesting annual budget allocations as appropriate and necessary. As for TCG, requesting a compensation budget from the government of 900. million baht to compensate for fees not exceeding 625 million baht from a credit limit of 5,000 million baht at a rate of 12.5 percent. Compensation for loan guarantee fees for SMEs entrepreneurs in an amount not exceeding 275 million baht (5,000 million baht * 1 percent * 2 percent. year + 5,000 million baht * 1.75 percent * 2 years) It is expected that industrial groups following the vision of IGNTE THAILAND will have access to funding sources, with at least 1,660 more SMEs receiving loans, with an average credit limit of 3 million baht per individual. creating credit in the system of not less than 5,000 million baht. Source: Thai News Agency