An offer of 47 billion BD to save the jobs of SMEs

An offer of 47 billion BD to save the jobs of SMEs

Aid to workers of 3,000 baht per month

Office workers walk in the rain during lunch hour on Silom Road in Bangkok. (Photo: Somchai Poomlard)

The government plans to introduce more measures to help small and medium-sized enterprises (SMEs) retain workers and create new jobs, with 46.9 billion baht to be allocated.

According to government spokesman Thanakorn Wangboonkongchana, the Economic Situation Administration Center (CESA) on Thursday approved the employment support measures in principle.

The measures aim to help SMEs with 200 employees or less to retain 95% of their workers and to encourage entrepreneurs to hire more.

Danucha Pichayanan, secretary general of the National Council for Economic and Social Development (NESDC), said the new support measures would see the government distributing 3,000 baht per month to every worker from November 2021 to January 2022.

The measure will cover 480,122 SMEs, which are expected to help retain employees and create new jobs for a total of 5.04 million workers, he said.

If an employer agrees to create jobs, the government will also pay 3,000 baht per month to each new worker they hire during that time.

This mechanism should create 252,009 new jobs between December 2021 and January 2022.

Employers and employees are required to register with the Social Security Fund and pay contributions under Article 33 from October of this year.

Employers are also required to retain 95% of their employees while participating in the assistance plan.

“If employers fail to maintain their jobs at the required level within a month, the government will not contribute to the budget for those months,” Danucha said.

Employers are expected to register for the program from October 20 to November 20, while the government intends to make the first payments in November after the NESDC approved its budget, which will be funded by the second loan decree of ‘500 billion baht emergency, he said.

In a related development, the Ministry of Labor reported to CESA that on September 28, the government allocated a total of 91.7 billion baht to help 11.8 million workers in 29 provinces at maximum risk.

The Bank of Thailand reported that as of September 20, 106 billion baht of loans had been allocated to 34,538 entrepreneurs under the central bank’s debt relief program, with assets of a combined value of 15.2 billion baht from 106 contractors transferred under the asset warehousing program.

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