Bangkok: The Thai Credit Guarantee Corporation (TCGC) has introduced a new initiative, “TCGC Ready to Help,” aimed at providing financial relief to borrowers whose claims are managed by TCGC. This campaign offers a principal reduction of up to 50% and a 3-month debt moratorium, specifically targeting small and medium enterprises (SMEs) struggling with the energy crisis and rising operational costs.
According to Thai News Agency, Dr. Sittikorn Direksuntorn, Director and General Manager of the Small and Medium Enterprise Credit Guarantee Corporation (SMEG), stated that the initiative is designed to support SMEs facing challenges due to the global energy crisis, which has driven business costs upward. This situation has particularly affected small-scale traders, vendors, and self-employed individuals categorized as ‘vulnerable groups.’ The government’s recent policy measures aim to alleviate the impact of high oil prices on vulnerable sectors, including farmers, transport operators, and SMEs.
The TCGC has outl
ined that its “TCGC Ready to Help” program will offer debtors easier options for debt reduction, relief, and restructuring, featuring special privileges and flexible payment terms. The program focuses on reducing financial burdens for businesses. Vulnerable groups with outstanding debts not exceeding 200,000 baht can benefit from a principal reduction of up to 50%, whereas general SMEs with debts exceeding 200,000 baht can receive a reduction of up to 40%. This year, TCGC aims to restructure debts for over 6,000 debtors and assist at least 1,000 debtors in achieving debt relief.
In addition, TCGC is expediting aid for debtors in the tourism and related import-export sectors affected by claims payments. Debtors can apply for a 3-month deferral of both principal and interest payments if they are under existing debt restructuring plans and have maintained a consistent payment record. The registration period for this relief measure is set from March 15 to April 14, 2026.