Uttama Savanayana, industry minister and chairman of a Osmep subcommittee, said the Small and Medium Enterprise Development Bank (SME Bank) will be asked to help consider loan extensions due to its better financial analytical tools.

Suwanchai Lohawatanakul, Osmep director-general, said that the newly-established fund is in the process of defining details. Preliminarily, the loan amount will be raised from Bt200,000-Bt1 million per borrower to Bt50,000-Bt1 million per borrower.

Other regulations will also be revised.

Currently, the SME recovering fund has a total amount of Bt1 billion and has extended Bt400 million in loans, while SME rehabilitation fund has a total of Bt2 billion and extended Bt800 million in loans.

Besides, Osmep has also set up a National Startup Centre to provide integrated services to SMEs across the country.