Thailand's Small and Medium Enterprise Credit Guarantee Corporation (TCMC) has launched the 'NanoPlus' credit guarantee program with a 2 billion baht fund to support micro-SMEs lacking collateral. Phase 1 offers 500 million baht targeting 100,000 SMEs with loan guarantees of 5,000–50,000 baht per borrower, fee-free for 4 years, with TCMC covering up to 5% NPL. The program aims to provide affordable credit (average 28% p.a. through partner institutions) as an alternative to high-cost informal lending, addressing liquidity challenges for small merchants and self-employed workers.