by Tanakorn Sangiam

BANGKOK (NNT) - Government agencies have come together under a targeted approach to tackle the issue of farm debts. The Bank of Thailand and 14 other governmental units are now setting up a database that will allow for a better understanding of this issue, and enable effective and targeted measures to be curated.

 

Government Spokesman Anucha Burapachaisri said the proposed database will link together farmers’ information in terms of their assets and loans from the Bank for Agriculture and Agricultural Cooperatives, the National Village and Urban Community Fund Office, the Cooperative Promotion Department, and the Office of the Permanent Secretary at the Ministry of Agriculture.

 

The database will contain registration information of crop farmers, cattle raisers, and fishermen, and the risk levels of natural disasters in their areas.

 

The information is acquired through the Department of Agriculture Extension, the Office of Agricultural Economics, and the Rubber Authority of Thailand; whereas information related to the farmers’ occupation, income, and poverty status is provided by the Office of the Permanent Secretary at the Ministry of Finance, and the Community Development Department.

 

The Bank of Thailand will be responsible for managing this information pool, and the Office of the Personal Data Protection Commission will be providing support and consultation on how to utilize such information in a way that complies with the personal data protection law.

 

Source: https://thainews.prd.go.th/en/news/detail/TCATG230404093347827

 

-- © Copyright NNT 2023-04-04

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information.

 

1 hour ago, webfact said:

The database will contain registration information of crop farmers, cattle raisers, and fishermen,

Then all debts will be forgiven so the farmers can contribute generously to the lung cancer fund; and mill owners can continue bleeding rice farmers dry.

Doing this when there is a General Election coming up , is a bit suss,

regards worgeordie

 

2 hours ago, webfact said:

The Bank of Thailand and 14 other governmental units are now setting up a database that will allow for a better understanding of this issue, and enable effective and targeted measures to be curated.

I might be reading this wrong but I think this is more about debt collection.

3 hours ago, webfact said:

Government agencies have come together under a targeted approach to tackle the issue of farm debts. The Bank of Thailand and 14 other governmental units are now setting up a database that will allow for a better understanding of this issue, and enable effective and targeted measures to be curated.

Stop lending them money they cannot ever pay back?

Debts to the banks or debts to the smog suffering society? 

Have I not read similar reports every year/few years about "helping poor farmers"? The whole topic sounds very familiar...