BAAC allocates Bt65 bn in loans for farmers, community enterprises

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BAAC allocates Bt65 bn in loans for farmers, community enterprises

By THE NATION

 

 

Directors of the Bank for Agriculture and Agricultural Cooperatives have approved the allocation of Bt65 billion in loans for farmers and other individuals to buy machinery and farm innovation products through to March 2023.

 

Bank president Apirom Sukprasert said Bt15 billion was earmarked for small-scale farmers and the rest for community enterprises and agricultural cooperatives.

 

Eight-year loans for community enterprises and agricultural cooperatives carry an annual interest rate of 0.01 per cent.

 

Apirom expects the loan fund to be fully depleted within two years.

 

Source: https://www.nationthailand.com/business/30380326

 

-- © Copyright The Nation Thailand 2020-01-10

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[legend49]

Eight-year loans for community enterprises and agricultural cooperatives carry an annual interest rate of 0.01 per cent.

 

What is the interest rate for INDIVIDUAL farmers  who are not a COOP or SME?

[Cake Monster]

Read " Machinery and Farm Innovation Products " as Pickup Trucks, Mobile Phones and 60 Inch Flat Screen TV sets

[Knocker33]

That are probably up to their ears in debt already.  Oh well a bit more won't hurt

[Fred white]

More debt the farmers can't afford

[kevin612]

Good, 0.01 interest rate. Bad, every country has too much loans.