Photo Credit: Business Idea
Government initiatives to support small and medium-sized enterprises (SMEs) are expected to inject at least 260 billion baht into the economy this year, according to the Thai Credit Guarantee Corporation (TCG).
TCG President Sittikorn Direksoonthorn said the government’s ongoing stimulus efforts to improve SME liquidity consist of three key programmes.
The first is the “TCG Quick Big Win” credit guarantee scheme, which has a total guarantee limit of 50 billion baht. The programme is projected to help 54,300 SMEs gain access to financing, create more than 208 billion baht in economic value, and generate 60 billion baht in new credit within the financial system.
Key features of the scheme include a waiver of guarantee fees for the first three years to ease financial pressure on SMEs, followed by a low annual fee of 1% on the outstanding balance from the fourth year onward. The programme also applies risk-based pricing using TCG’s credit scoring system and offers a high compensation rate for non-performing loans.
Another initiative, the “SMEs Credit Boost” credit guarantee programme, is being implemented in cooperation with the Finance Ministry, the Bank of Thailand, and commercial banks. This measure is expected to support approximately 100 billion baht in new lending over the next one to two years.
The third measure is the low-interest soft loan scheme titled “GSB Revitalising Thai Businesses”, launched by the Government Savings Bank. The programme has a total lending facility of 100 billion baht and is expected to be introduced in the near future.
Looking at TCG’s performance last year, the three sectors receiving the highest share of credit guarantees were services (32.6%), food and beverages (10.6%), and agriculture (8.2%), which together accounted for 51% of the total guaranteed value of about 48 billion baht.
As of December 31, TCG’s debt assistance programme, “TCG Ready to Help,” had supported 24,324 SME cases in resolving debt problems, covering outstanding debt worth 16.2 billion baht since the debt restructuring initiative began in 2022.
For the “TCG Quick Big Win” scheme, applications had reached 5 billion baht by mid-January and are expected to increase to 10 billion baht by the end of the month.
During the first 11 months of 2025, TCG recorded new credit guarantees totalling 35.7 billion baht, enabling 45,300 SMEs to obtain financing. These guarantees helped sustain 467,000 jobs and generated 46.6 billion baht in additional credit within the financial system. The overall economic impact from these activities is estimated at 147 billion baht, TCG said.