Mr.Somchai Pornchindarak, President of the Gems, Jewelry, and Precious Metal Confederation of Thailand (GJPCT), Deputy Chairman of Advisory Board of the Thai Gem and Jewelry Traders Association (TGJTA), along with Mr. Chumpon Pittayanont, Secretary General of the Thai Gem and Jewelry Traders Association with the Thai Tourism Service Association And the Thai Restaurant Association Negotiating with the Government Savings Bank With Mr. Sudarat Klincharoen, the director of business customer management and government listen to the problem by Mr. Mongkol Wimolrat, assistant deputy of the Ministry of Tourism and Sports is the chairman of the negotiation.
The purpose of this negotiation between entrepreneur and the Government Savings Bank, the purpose is to find the solution for the problem that cause by the delayed soft loan project. Therefore, the association has emphasized to share knowledge about gem and jewelry business to the Government Savings Bank to give the member of association a revolving fund from government soft loan project. That is one of urgent measure to help entrepreneurs who have been affected by the COVID-19 epidemic that cause the business to be interrupt for more than 3 months. The result of negotiation is the Front End Fee have been exempt for loan applicant that less than 5 million baht. Other than that, the members of association also request to reduce the loan applicant requirement so that the entrepreneurs can get the capital to supplement the company's liquidity which will make the business sector gradually recover supporting the economy that is returning to normalcy. However, the Government Savings Bank has emphasized the important criteria for loan applicant is that the loan applicants must be able to identify all sources of income that used as evidence of this applicant.
TGJTA, GJPCT Team Up to Announce Readiness for Thailand Gems & Jewelry Fair 2024 on 21-25 FEB 2024 , Aiming to Foster Sustainable Growth of the Gems and Jewelry Industry and Reduce the Government's Burden on Subsidy