State-owned Thai Credit Guarantee Corporation (TCG) plans to launch Portfolio Guarantee Scheme 10 (PGS10) later this month, aiming to help small and medium-sized enterprises (SMEs) access loan guarantees on a lower cost basis.
The scheme is meant to provide cover for street vendors up to mid-sized enterprises, said TCG president Sittikorn Direksoonthorn. In terms of value, PGS10 ranges from 10,000 baht up to 40 million baht per borrower, he said.
The cabinet approved the programme late last month for guarantees worth 50 billion baht up to a maximum of 10 years.
