Thailand approves loan fund for business affected by flood

Thailand approves loan fund for business affected by flood

Thai cabinet on Tuesday approved a two billion baht (about 65 million U.S. dollars) loan to manufacturers affected by the floods, Bangkok Post online reported.

The upper part of Thailand have been inundated for nearly two months as monsoon have prevailed over the country.

The financial assistance for small and medium-sized enterprise (SMEs) was proposed by the Ministry of Finance at the weekly cabinet meeting.

Under the plan, financial assistance in a form of soft loan will be given to SMEs affected by the floods that have inundated several regions since July 25.

The loans are for small and medium-sized manufacturers to repair or refurbish their plants, to rehabilitate their business or for use as operating capital.

Meanwhile, the latest report from the Disaster Prevention and Mitigation Department said a total of 123 people were confirmed dead and two people were missing.

The floods still prevail in 25 provinces, mostly in the north and central province, except Bangkok.

Altogether about 1.5 million people in 153 districts of the 25 provinces were affected by the floods, the report said.

Editor: Yang Lina

English.news.cn   2011-09-20 18:05:09 FeedbackPrintRSS
BANGKOK, Sept. 20 (Xinhua)