SME support scheme must be revised LAMONPHETAPISITNIRAN The Industry Ministry is reviewing a stimu- lus package to support small and medium sized enterprises (SMEs) before submitting it for cabinet approval The package has to be revised to a broader scheme to fit the current situation, said Industry Minister Atchaka Sibunruang. Some parts of the draft were rejected by Deputy Prime Minister Somkid Jatusripitak, who leads the government's economic team. "The deputy prime minister disagreed with some details of the plan, saying i does not cover all clusters of SMEs," Mr Atchaka said.
Last week, the Industry Ministry announced plans to set up three funds to provide SMEs with liquidity to help them compete in the global market. The first fund worth 1 billion baht needs cabinet approval to let the Industry Minis try manage the fund instead of the Office of SMEs Promotion, which was inactive in disbursing cash.