SME D Bank Launches 400 Million Baht Flood Recovery Loan Program
SME D Bank has introduced a new loan initiative to support small and medium-sized enterprises affected by recent flooding across Thailand.
According to a report by Khaosod Online, the Small and Medium Enterprise Development Bank of Thailand (SME D Bank) has launched the 'SME Flood Recovery Loan' program, providing a total credit line of 400 million baht. Managing Director Pichit Mitrawong stated that the initiative aims to assist businesses directly or indirectly impacted by recent natural disasters in areas designated by the Department of Disaster Prevention and Mitigation (DDPM).
The program offers loans with a 3% interest rate and does not require collateral, designed to help entrepreneurs restore their facilities and resume normal operations as quickly as possible. This measure follows previous government-backed efforts, including debt payment holidays and emergency capital injections. The funding is available to both individual entrepreneurs and legal entities operating in affected regions, including those that may be declared disaster zones in the future.
For residents and business owners, this program represents a potential lifeline for economic recovery in flood-hit provinces. However, specific application deadlines, the exact duration of the 3% interest rate, and the full list of eligible business sectors remain to be confirmed by the bank. Interested parties are encouraged to contact SME D Bank directly for detailed eligibility criteria and documentation requirements.
