Small firms get B60bn funding for sustainability

Banks have provided financing worth up to 60 billion baht to small and medium-sized enterprises (SMEs) to support their transition to sustainability, according to the Bank of Thailand.

- SOMRUEDI BANCHONGDUANG

The central bank implemented the “Financing for the nation’s sustainable transition” scheme, in collaboration with eight commercial banks to assist local businesses, particularly SMEs, in adopting a sustainable transition.

Under this programme, the banks stand to provide a total of 100 billion baht in financial support, of which 60% has already been allocated to SMEs, said Roong Mallikamars, deputy governor for financial institution stability at the central bank, regarding the economic impact event held on Tuesday.

“Given the progress of this financing programme, the total amount of financial facilities could potentially exceed the target of 100 billion baht,” she said.