Rice and shine: Thai government dishes out financial aid to farmers through BAAC

[snoop1130]

 

The Thai government initiated a financial aid programme for rice farmers, channelling through the Bank for Agriculture and Agricultural Cooperatives (BAAC).

 

Rice farmers will receive 1,000 baht per rai, capped at 20 rai (32,000 squared metres) per household, or a maximum of 20,000 baht per household. This scheme, part of the Rice Farmer Management and Quality Improvement project for the 2023/2024 production year, is aimed at benefiting 4.68 million households.

 

The first payout began today, with an initial fund of 9 billion baht. The bank will continue to disburse approximately 10 billion baht per day for the next five days, concluding the transfer on December 2. Farmers can monitor their transfer status via the BAAC Mobile application available 24/7, and will also receive alerts through the BAAC Connect service on Line: BAAC Family. Eligible farmers can check their status at the Department of Agricultural Extension’s registration site for this year.

 

To verify the aid of 1,000 baht per rai, farmers can visit the website https://chongkho.inbaac.com/ and enter their 13-digit national identification number. They will then find details about their account balance and the aid they have received, reported KhaoSod.

 

By Puntid Tantivangphaisal

Caption: Photo courtesy of KhaoSod

 

Full story: The Thaiger 2023-11-28

 

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[stoner]

9 minutes ago, snoop1130 said:

This scheme

 

there's that word again. 

[Gottfrid]

4 hours ago, stoner said:

 

there's that word again. 

Yes, it is! What is wrong with it?

[stoner]

5 hours ago, Gottfrid said:

Yes, it is! What is wrong with it?

 

Oh you're new around these parts i see. Keep on then. 

[hotchilli]

12 hours ago, snoop1130 said:

Rice farmers will receive 1,000 baht per rai, capped at 20 rai (32,000 squared metres) per household, or a maximum of 20,000 baht per household. This scheme, part of the Rice Farmer Management and Quality Improvement project for the 2023/2024 production year, is aimed at benefiting 4.68 million households.

Under the table subsidies?

[Gottfrid]

2 hours ago, stoner said:

 

Oh you're new around these parts i see. Keep on then. 

No, not new at all. However, you might need to check the real meaning of the word.

[stoner]

6 minutes ago, Gottfrid said:

No, not new at all. However, you might need to check the real meaning of the word.

 

oh i know what the word means.....outside of thailand. 

[bamnutsak]

So the total for this program is 44.4 BILLION baht.

 

To be distributed in one week.

 

I assume that this is free and clear, rather than (another) loan scheme?

 

This government is spending quite freely on subsidies, not limited to electricity (75 Billion) and diesel fuel (200 Billion).

 

 

As of today (November 28), BAAC has transferred funds to 40 provinces through 44 branches, aiding 660,000 rice farmers with a total of 8.49 billion baht.

 

Tomorrow, November 29, 17 more provinces will receive funds, helping an additional 730,000 farmers with a total of 8.298 billion baht. The day after, 10 provinces will receive funds, benefiting 850,000 farmers with a total of 9.242 billion baht.

 

On December 1, five provinces will receive funds, assisting 770,000 farmers with a total of 9.277 billion baht. Lastly, on December 2, five provinces will receive funds, aiding 800,000 farmers with a total of 9.13 billion baht.

 

 

 

 

Edited November 29, 2023 by bamnutsak

[Cake Monster]

This scheme/ giveaway is expected to cost the Government 1 Trillion Baht in total

Add that to the 10K Digital Wallet giveaway, and you have right there about roughly 45 % of GDP

Surely this kind of spending is going to hurt somewhen

[Andycoops]

2 hours ago, hotchilli said:

Under the table subsidies?

I don't care if it's under or over the table as long as the old girl gets her baht.

[Gottfrid]

16 hours ago, stoner said:

 

oh i know what the word means.....outside of thailand. 

Ok, hmmmm... the problem here was that this is a Thai forum. Do you get it now?

[stoner]

6 hours ago, Gottfrid said:

Ok, hmmmm... the problem here was that this is a Thai forum. Do you get it now?

 

Yes I do. And the word scheme in THAILAND does not mean the same as it does in the rest of the world....full circle back to my original point which you clearly missed.

[Gottfrid]

7 minutes ago, stoner said:

 

Yes I do. And the word scheme in THAILAND does not mean the same as it does in the rest of the world....full circle back to my original point which you clearly missed.

Yes it does! Just some foreigner in Thailand that wish to look at the bad things and set up a new meaning of a word for it.

[stoner]

14 minutes ago, Gottfrid said:

Yes it does! Just some foreigner in Thailand that wish to look at the bad things and set up a new meaning of a word for it.

 

Ok.