Thai Credit Guarantee Corporation (TCG) <\/strong><\/span>is set to operate throughout 2023 with five main strategies focusing on enhancing support for Digital Technology and providing capital for SMEs <\/strong><\/span>with a target of guaranteeing 120 billion baht to support the recovery of the tourism, agriculture, and supply chain sectors.<\/strong><\/span><\/p>

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Mr. Sitthikorn Direksunthorn, Director and General Manager of Thai Credit Guarantee Corporation (TCG) <\/strong>stated that the operational direction and strategy for 2023 aims for a credit guarantee target of 120 billion baht through the BI7 credit guarantee program for financial institutions and the RBP credit guarantee program with a budget of 70 billion baht, along with a 50 billion baht guarantee through the second phase of the rehabilitation credit guarantee program.<\/span><\/p>

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In 2023, <\/span>the operations will proceed under five main strategies:<\/strong><\/span> <\/p>

1. Credit Guarantee Product Development Strategy <\/strong><\/span>includes: <\/span><\/p>

- BI7 credit guarantee product for financial institutions with a minimum fee of 2% per year, guaranteeing up to 10 years. <\/span><\/p>

- RBP credit guarantee product with fees based on risk levels, helping customers reduce guarantee fees according to their risk levels. <\/span><\/p>

- A low-interest credit guarantee program for the first two years at 3%, with an average interest rate not exceeding 5% per year, guaranteeing up to 10 years. <\/span><\/p>

2. Partnership Network Expansion Strategy <\/span><\/strong>such as the “The S1 Project” in collaboration with the Export-Import Bank of Thailand, the “Doen Jai” project to develop small retailers with Berli Jucker Public Company Limited and partner banks, the CARE project to enhance the Supply Chain in collaboration with the Mainchai Muangyang Industrial Estate, and collaborations with Central Lab Thailand and Synchrotron, as well as with the Federation of Thai Industries to open a gift box for SMEs in 2023, in partnership with Card X Company. <\/span><\/p>

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3. Customer Access Strategy via Digital Platforms <\/strong><\/span><\/p>

4. Debt Management Strategy <\/strong><\/span> by managing both existing and new debtors, enhancing support for debtors, especially in the Micro sector, encouraging them to enter debt restructuring programs through the LINE @tcgfirst channel. This year, new services will be added to facilitate TCG customers to check their guarantee burden and pay guarantee fees, as well as access loans from partner banks participating in the program. <\/span><\/p>

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5. Sustainable Organization Strategy <\/span><\/strong>aiming to enhance ecological and economic efficiency, as well as developing credit guarantee products to support businesses for society and the environment, or the BCG Model (Bio Economy, Circular Economy, and Green Economy). <\/span><\/p>

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In 2022, TCG approved a total credit guarantee amount of 143.998 billion baht, assisting 82,747 SMEs in accessing credit, generating 157.919 billion baht in the system, maintaining a total of 1,042,787 jobs, and creating economic benefits of 594.712 billion baht.<\/span><\/strong><\/p>