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Published on March 25, 2008

The SICGC will set aside Bt2 billion for guarantees on loans that commercial or state-owned banks offer to community enterprises under the One Tambon One Product scheme, along with loans to support small enterprises in the deep South, an SICGC executive said yesterday.

The SICGC will charge only a 1.25-1.5 per cent fee from banks, down from its market rate of 1.75 per cent. The SICGC's target is to offer total guarantees worth Bt7.5 billion this year.

After meeting with SICGC executives yesterday, Deputy Finance Minister Pradit Pataraprasit said he would also ask Finance Minister Surapong Suebwonglee to increase the corporation's capital by Bt2 billion. He also wants to increase the capital of state-owned banks, including the Govern-ment Housing Bank, the Small and Medium Enterprise Development Bank of Thailand and the Secondary Mortgage Corp, for a combined worth of Bt16.6 billion.

Wichit Chaitrong

The Nation