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State banks announce remedy programs for flood-stricken farmers in South

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State banks announce remedy programs for flood-stricken farmers in South

 

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BANGKOK: -- State banks yesterday were quick to lend a hand to help farmers affected severely by flooding by announcing several measures to remedy their plights.

 

Among several remedy measures announced by the Bank of Agriculture and Agricultural Cooperatives and the Government Savings Bank is the debt moratorium.

 

Aphirom Sukprasert, the deputy manager of the Bank of Agriculture and Agricultural Cooperatives, said the bank would introduce debt moratorium program for farmers and people in the South who are hard hit by floods.

 

The program which last for one year will be allowed on both the principle amount and interest payments in order to help them recover from the disaster.

 

He said the bank has also prepared 80,000 aid packages valued at more than 22 million baht which will be handed out to flood victims.

 

He said all the bank’s clients in 66 districts located in eight southern provinces and more than 100,000 farmers have been afflicted.

 

This accounts for 20% of all southern farmers, he said.

 

Full story: http://englishnews.thaipbs.or.th/state-banks-announce-remedy-programs-flood-stricken-farmers-south/

 
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-- © Copyright Thai PBS 2017-01-10

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