A new entrepreneurs' promotion board will be formed as part of the government's ambitious plan to create 50,000 new businesses within the next two years.
The board is seen as a refinement of an existing programme run on a smaller scale by the Department of Industrial Promotion, which has helped to produce 5,000 new entrepreneurs in the past two years.
To create more new entrepreneurs, "supervisors" would function like "baby sitters" to help proprietors run sustainable operations, effectively manage costs and prepare transparent accounts, Industry Minister Somsak Thepsuthin said yesterday.
Mr Somsak, who will chair the new board, outlined its mission after a meeting of the economic screening committee chaired by Deputy Prime Minister Prommin Lertsuridej.
Funding for the new board would come from the existing budgets of state agencies, said Mr Somsak, adding that it would be unnecessary to secure an additional budget.