The Office of Small and Medium Enterprises Promotion (Osmep) is pushing for a new law to centralise SME-related agencies and consolidate budget allocation for programmes that support SMEs.
The new law, expected to be enacted this year, will eliminate the redundancy of having several government agencies supporting SMEs, said Osmep chairwoman Salinee Wangtal.
"Right now there are many agencies working on supporting Thai SMEs, and we found that some of their jobs are overlapping," she said.
"Right now there are many agencies working on supporting Thai SMEs, and we found that some of their jobs are overlapping," she said.
As a result, Osmep will play a leading role in all attempts to support SMEs and to centralise budget allocation under the single command of Osmep.
After the annual allocation, the budget will eventually be disbursed by each agency to support SMEs as u"Using a consolidated budget will help fix this problem by assigning each agency a specific type of activity," Mrs Salinee said.
Under the consolidated budget, each agency will operate in the field matching its expertise.
For instance, the Industry Ministry will help commercialise SME products, while the Commerce Ministry will help SMEs to access markets.
Mrs Salinee said this approach would help the office conduct policies to support SMEs more efficiently and consistently in the long term.
She said this approach had already been adopted this year by the cabinet's order but including it in a law would establish the practice permanently.