BANGKOK, May 14 (TNA) – Thailand is setting up a fund to
help small businesses that are affected by the coronavirus outbreak and lacking
access to financial sources.
In a meeting of economic ministers and the Bank of Thailand
on Thursday, Deputy Prime Minister Somkid Jatusripitak said that he instructed
the Finance Ministry to finalise the plan to support small businesses.
Finance Minister Uttama Savayanaya said that the fund might
be worth up to 100 billion baht allocated from the 400-billion-baht emergency
loan for COVID-19.
Eligibility verification could be tricky, he said, because
many small businesses had no financial records.
Officials might have to survey their actual locations in order to
approve their eligibility.
Uttama also revealed that the Ministry planned to announce
its GDP forecast on Monday which would definitely shrink due to COVID-19. (TNA)
