The Federation of Thai Industries (FTI) has signed an agreement with the Small and Medium Enterprise Development Bank of Thailand to co-operate in the bank's financial support programme for small businesses.
SME Bank president Samran Bhuanantanondh said the FTI would screen and propose lists of promising candidates for loans. They would be eligible to receive loans within one month, faster than under the normal procedure.
In future, the FTI could list applicants based on industrial clusters. FTI chairman Praphad Phodhivorakhun said companies located in rural areas would be given priority for loans. About 85% of FTI members are SMEs.
Source: Bangkok Post
