The Deputy Prime Minister for Economic Affairs, earlier pressed the SME Bank to work with the Ministry of Industry to aid small and medium-sized enterprises establish electronic channels of commerce. He pointed out that there is currently only one private transport company handling about 1.1 million deliveries a day, up from a previous 80,000 per day, explaining that the jump is an indication that sales through electronic channels are growing rapidly. He set a target of 600,000 businesses establishing an E-commerce presence in 2019.
The DPM then tasked the bank with going beyond simply helping businesses find capital, to helping develop SMEs, community enterprises, community stores and family owned shops, guiding their adaptation and fostering both their networks and adoption of technology.
The bank recently unveiled the SME D Bank app, which allows for loans to be approved within seven days. A new credit package will be introduced this month called the “Pracharat Strength for Community Trade”. Ten billion baht will be made available to support retailers, farm goods sellers, SMEs that had their debts restructured under the “Small Businesses Get Back Up” program and non-performing loan holders to continue their businesses.