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Cabinet set to mull credit guarantee agency bill

Bangkok Post LogoBangkok Post23h ago

Cabinet set to mull credit guarantee agency bill - Bangkok Post

Quick Summary:

The Finance Ministry looks set to propose for cabinet consideration on Tuesday the draft bill for the National Credit Guarantee Agency (NaCGA), a new facility for small and medium-sized enterprises (SMEs) that provides direct guarantees for a low fee.

Under NaCGA's credit guarantee system, the guarantee fee will be based on the individual risk profile of each entrepreneur -- unlike the current portfolio-based fee structure that does not reflect the actual credit risk of each borrower.

The push for the NaCGA bill -- which the cabinet has already approved in principle -- aims to reform the credit guarantee system currently operated by the Thai Credit Guarantee Corporation (TCG), to allow broader access to credit for entrepreneurs.

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 06:47:00 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1119 words

Reading Time: 7 minutes read

Sentences: 40 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 28649516

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About Bangkok Post

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Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 15 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 9 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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