Bangkok, July 20 - TCG pushes for full-year guarantees of 150 billion baht, asking the new government to help the agricultural sector, tourism, and manufacturing sector after 6 months of guarantees, surpassing 67,987 million baht, opening formula 3 to accelerate the connection of digital platforms to reach SMEs Gateway goals.
Mr. Sittikorn Direksunthorn Director and General Manager The Small Industry Credit Guarantee Corporation (TCG) discloses TCG performance for the first 6 months of 2023 between January-June. Adding financial liquidity to further SMEs businesses, solving debts, improving debt restructuring Through the measure "TCG. Ready to help "financial consulting for SMEs (FACenter), driving the organization with digital technology and increasing the number of users on Line @tcgfirst during the first 6 months, approved a credit limit of 67,987 million baht, adding liquidity to SMEs, obtaining 51,427 loans, generating economic benefits of 280,786 million baht, creating credit into the system of 76,049 million baht, maintaining a total of 493,552 jobs, and moving forward with the target of 150,000 credit guarantees this year. million baht by the end of this year.
TCG wants the new government Help take care of the agricultural sector. service sector and tourism including the manufacturing sector because it is the main group that drives the economy during this period, after receiving guarantees The top 3 industries with the highest credit guarantee are:
1. Service sector, proportion 31%, including construction business, restaurant business, transportation business
hotels and hostels Travel business and warehouse business
2. Agricultural sector, 11% proportion, including vegetables-fruits business, tea, coffee business, rice and field crops business, agricultural products business Livestock business and fishing business
3. Manufacturing sector and other products, 10% of which are construction materials trading business Retail businesses, fresh markets and stalls, antique trading business Mobile phone and equipment sales business Trade business Other manufacturing business
In terms of performance, 6-month loan guarantee approval (Jan.-June. 2023) approved a total amount of 67,987 million baht, helping SMEs obtain loans to 51,427 people, generating economic benefits of 280,786 million baht, generating credit into the system of 76,049 million baht, and maintaining a total of 493,552 jobs through 4 credit guarantee projects, namely
1. Low Interest Loan Guarantee Program (Decree on Loan Rehabilitation Phase 2) with a credit line of 30,280 million baht, accounting for 45% of the total amount, helping 5,450 SMEs.
2. TCG SMEs Strong Credit Guarantee Program (PGS 10), amounting to 24,766 million baht, accounting for 36% of the total amount helping 40,254 SMEs.
3. Financial institutions' credit guarantee project Phase 7 (BI7), with a credit line of 8,634 million baht, accounting for 13% of the total credit line, helping 4,453 SMEs.
4. Other credit guarantee projects (PGS Renew and PGS 5 extended) with a credit line of 4,307 million baht, accounting for 6% of the total credit line, helping 1,702 SMEs.
The outstanding credit guarantee projects in the past 6 months, namely, the TCG Strong SMEs Credit Guarantee Program (PGS 10) approved guarantees of up to 24,766 million baht (out of the amount approved in February 2023 in the amount of 50,000 million baht) from the development of credit guarantee products in all 5 segments: 1. Smart Biz (62% guarantee ratio), average credit limit of 5.17 million baht, 2. Smart One (25%), average credit limit per person 2 .72 million baht 3. Small Biz (13%), average credit line per person 0.09 million baht 4. Smart Green (0.14%), average credit line per person 3.82 million baht 5. Start up (0.01%), average credit line per person 0.07 million baht, helping 40,254 SMEs get loans and the interest guarantee program is cheap. (Lending Ordinance on Loan Rehabilitation Phase 2) in collaboration with the Bank of Thailand to help 5,450 SMEs get loans, approved for 30,280 baht.
In addition, TCG has also been successful in providing financial advice to SMEs (TCG FA Center). More than 14,076 service users have registered for advice and attended training, while the debtor assistance program "TCG is ready to help" proactive measures. To enhance the efficiency of helping debtors solve sustainable debt has been a great success. by being able to help the debtor Through the debt restructuring project With debt restructuring through measures in 3 colors, purple, yellow, green, "low installment, light and strong" up to 10,208 cases, amounting to 3,745 million baht, with low installment measures, light and heavy, first payment 10%, 7-year installment, cut off the whole amount, 0% interest, with a high proportion of 84%, with the highest number of users.
For the direction of TCG operations in the second half of the year, raising the level of guarantee with Digital Technology to become SMEs Gateway according to the TCG Fast & First approach, fast, thoughtful, one of the hearts, SMEs joining in driving the Thai economy, helping entrepreneurs access capital sources in the system as much as possible during the recovery of the country.
1. Accelerate the push for credit guarantees, whereby TCG has credit guarantees for the PGS 10 project of around 25,000 million baht. (Language Rehabilitation Decree Phase 2) has a credit line of about 50,000 million baht, and the credit guarantee program for individual institutions Phase 7 has a line of support of about 15,000 million baht.
2. Accelerate the development of TCG innovation development projects, providing services to customers through the Digital Platform and developing Line @tcgfirst for access to new services, such as booking a consulting queue for “Mor Dee” via Line @tcgfirst 24 hours a day.
Development of innovative credit guarantee products in line with business structure changes And the growing trend of SMEs entrepreneurs in the Start up group, the eco-friendly business group And the environment Green Business ESG group Sustainable business operations Debt Collection Management Process Development Project to Increase Debt Management Efficiency and TCG Data Management Platform system development project to connect both internal and external databases.
3. Accelerate the upgrade of access to consulting services, debt doctors, TCG, financial advisory model development project, SMEs Financial Advisory Center (TCG FA Center) and the Credit Mediator service project to allow SMEs to access more credit.-Thai News Agency
Source: Thai News Agency