TCG's Board of Directors gives the green light to two SME debt resolution measures, one-year debt suspension, SME Code 21, registration open January 1, 2024, ready for debt repayment, 15% principal reduction.
On December 27, 2023, Mr. Sitikorn Derksontorn, Director and General Manager of Small Industry Credit Guarantee Corporation or TCG said that the Board of Directors of TCG decided to approve the implementation of the project to assist entrepreneurs in SMEs as proposed by TCG, including two projects:
1. Debt suspension measures for operators of small and medium enterprises or SMEs affected by the outbreak of the Coronavirus Disease 2019. The duration of the project is 18 months starting from January 1, 2024 – June 30, 2025 according to the conditions as follows:
– Being an SME debtor, code 21 (account status code 21 for debtors who are more than 90 days in arrears due to the impact of COVID-19 or non-performing loans) (as of 31 December 2023), whether natural persons or legal persons with a contract amount of no Exceeds 10 million pounds
– He is indebted to TCG who participated in the debt restructuring project and participated in the measures TCG is willing to help. Adherence to the conditions for a period of 3 months, and payment of installments can be suspended for one year (no later than June 2025)
– After the outstanding moratorium on debts, repay the installments in accordance with the original debt restructuring plan.
– It is expected that approximately 64,000 debtors will be able to join the project and return to the system during the debt moratorium period. It depends on the time period for submitting the debtor’s request (the total period is 18 months and must be paid in continuous installments for 3 months).
– Registration opens on January 1, 2024 onwards via the official line account @tcgfirst and TCG district offices nationwide.
2. Continuing the three-color debt relief measures, the blue measures reduce the principal by 15% (period from January 1 to June 30, 2024).
– For TCG civilians who participate in the TCG project. Ready to help restructure TCG's debt by introducing the three color scales into the green group. And enter the blue scales (3 color scales: purple, yellow and green)
-You are indebted to a company TCG, Green Group, which has a good payment history for 3 consecutive months and would like to get rid of TCG debt. To help debtors feel lighter, TCG reduces the loan principal by 15%, with the debt due within 60 days of approval.
The project is an extension of the blue scales, debt relief and 15% principal reduction (purple, yellow, green and blue) and is an additional project that follows the three color scales for debtors in the green group, paying good installments in 3 consecutive installments who want to repay debts. You can apply to join Blue Measures. Available from January 1, 2024 onwards.
The duration of the project is 6 months ending on June 30, 2024. It is expected to help debtors in the small or small group return to the system faster. It is expected that about 5,000 people will be able to repay their debts.
For debtors who want advice on debt settlement, debt relief, and debt restructuring you can request a free consultation. At the SME Financial Advisory Center or TCG FACenter or register for a free consultation on Line Official Account @tcgfirst
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