SMEs Credit Guarantee Corporation and Thai Industries Council Discuss Economic Relief Measures

Sithikorn Direksunthon, managing director of the SMEs Credit Guarantee Corporation (SCGC), met with Pimpjai Lee Ietsaranukul, the newly appointed chairman of the Thai Industries Council (TIC) and the organization's first female leader, to discuss SME support strategies. During the meeting, both organizations established comprehensive guidelines to assist SMEs, including business networking and capacity building to enhance production capability and competitiveness for sustainable growth amid economic headwinds, energy crises stemming from Middle Eastern instability, and resulting pressures on operating costs and liquidity.

The discussion emphasized strengthening financial liquidity and credit access through SCGC's guarantee mechanisms, particularly the "SCGC Quick Big Win" program offering free guarantee fees for the first three years under special conditions. Additionally, both parties explored collaboration in promoting and developing SME potential to prepare entrepreneurs for business operations and improve their access to formal credit. SCGC currently operates the SMEs Financial Advisory Centers (SCGC F.A. Center) nationwide, providing free guidance on finance, business operations, debt resolution, and business model restructuring to address cost pressures. SMEs can schedule free financial health checks and consultations through the LINE OA: @tcgfirst without charge.

This collaborative meeting represents a significant opportunity to strengthen the relationship between both organizations and drive concrete SME development and advancement nationwide.