Bangkok, TCG board gives green light to 2 measures to solve debt for SMEs, ‘debt suspension’ for 1 year, SMEs code 21 open for registration on Jan. 1, 2024, ‘debt relief’, reduce principal by 15%, pilot for 6 months (Jan. C.-Jun.) Mr. Sittikorn Direksuntorn, Director and General Manager The Small Industry Credit Guarantee Corporation (TCG) revealed after the TCG Board meeting today (27 Dec. 2023) that the TCG Board of Directors has resolved to approve the implementation of the project to assist SMEs entrepreneurs in accordance with TCG has proposed a total of 2 projects: 1. Debt suspension measures Small and medium-sized enterprises (SMEs) affected by the outbreak of coronavirus disease 2019 (project implementation period 18 months, starting 1 January 2024 – 30 June 2025) According to the following conditions Being a SMEs debtor, code 21 (account status code 21 for debtors who are overdue for more than 90 days from the impact of COVID 2019 or NPL) (as of 31 December 2023), both natural persons and juristic persons with a contract amount not exceeding 10 million baht Is a debtor of TCG who participated in the debt restructuring project. and join the measures “TCG is ready to help” and comply with the conditions for a period of 3 months, can suspend payment of installments for 1 year (not later than June 2025). After the debt moratorium is due Pay installments according to the original debt restructuring plan. It is expected that approximately 64,000 debtors will be able to join the project and return to the system during the debt moratorium period. Depends on the time period for submitting the debtor’s request (total period 18 months and must pay in installments continuously for 3 months). Registration opens January 1, 2024 onwards via Line Official Account @tcgfirst and TCG district offices nationwide. 2. Continuing the 3-color measures ‘pay off debt’, the blue measures reduce the principal by 15% (period 1 January – 30 June 2024) For TCG debtors participating in the project “TCG is ready to help” restructure TCG’s debt by entering into 3 color measures in the green group. and enter the blue measures (3 color measures: purple, yellow, green) Are a debtor of TCG, a green group, who has a good payment history for 3 consecutive months and wants to “pay off debt”. TCG helps the debtor to be lighter. TCG reduces the principal amount by 15%, which must be paid off within 60 days from the date. approved Project to build on the blue measures, pay off debt, reduce principal by 15% (purple, yellow, green and blue) is an additional project following the 3 color measures. For debtors in the green group, pay in 3 good installments in a row who want to get rid of debt. You can submit a request to join the blue measures. Available from January 1, 2024 onwards. The project duration is 6 months, ending June 30, 2024. It is expected to help micro or small debtors return to the system faster. It is expected that approximately 5,000 people will be able to solve their debts. For debtors who want to receive advice on debt resolution, debt forgiveness, and debt restructuring. You can request a free consultation. at the SMEs Financial Advisory Center or TCG FACenter or register for free consultation at Line Official Account @tcgfirst.
Source: Thai News Agency