Bangkok Post
Premier launches B30bn farm lending blitz
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Prime Minister Anutin Charnvirakul has kicked off a 30-billion-baht "Khon La Khrueng" (half-half) loan programme aimed at helping farmers reduce their production costs.
Key facts
- Prime Minister Anutin Charnvirakul has kicked off a 30-billion-baht "Khon La Khrueng"
- The premier, together with Finance Minister Ekniti Nitithanprapas in his capacity as board chairman of the Bank for Agriculture and Agricultural Cooperatives (BAAC), launched the scheme on Friday following a cabinet resolution.
- Of this amount, 70-80% is for production inputs, including fertilisers, seeds and pesticides.
- Participants receive payments for the sale of their agricultural produce through a BAAC deposit account and authorise BAAC to act in accordance with Section 28 of the State Fiscal and Financial Discipline Act.
Summary
The premier, together with Finance Minister Ekniti Nitithanprapas in his capacity as board chairman of the Bank for Agriculture and Agricultural Cooperatives (BAAC), launched the scheme on Friday following a cabinet resolution.
The programme forms part of the government's policy to strengthen Thailand's agricultural sector by supporting the transition from traditional farming to precision, resilient and sustainable agriculture, while reducing production costs, creating added value throughout the supply chain and enhancing the competitiveness of Thai farmers.