BAAC Boards approve 3 farmer assistance projects Start transferring 500 baht of aid today, 1.6 hundred thousand cases, for the amount of 1.2 billion baht.
Mr. Mint Ngernruang, Deputy Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC), revealed that the BAAC committee in a meeting on February 24, 2021 had approved the Cabinet resolution on February 9, 2021. Proposed by the Ministry of Commerce, BAAC agrees to implement a project to support the management and development of the quality of the rice growers for the production year 2020/64 to alleviate the burden of the higher production costs and motivate farmers. Maintaining good quality rice In order to have the opportunity to sell rice at a higher price and earn more.
Mr. Mint said that by supporting money for farmers who registered rice growers in the production year 2020/64, round 1 with the Department of Agricultural Extension. Ministry of Agriculture and Cooperatives at the rate of 500 baht per rai, a maximum of 20 rai or not more than 10,000 baht per household. Budget of 28,000 million baht, target of farmers of 4.56 million households
“BAAC will gradually transfer the said money to farmers’ accounts. From February 25 to April 30, 2021, on February 25, more than 160,000 farmers have been transferred, amounting to 1,200 million baht. Farmers can check the amount transferred to their accounts through the Bank application. A-Mobile and farmers who apply for BAAC Connect service will receive a notification via LINE Official BAAC Family when the funds have been credited to your account, ”said Mr.
Mr. Mint said that in addition, the BAAC Board has approved the loan project to postpone the sale of rice paddy for the production year 2020/64 by adjusting the credit limit from 19,826 million baht, an additional 4,504 million baht, consisting of 3,500 credit lines. Million baht, the amount of deposit, storage and quality of rice in the amount of 480 million baht and other expenses of 524 million baht, totaling 24,330 million baht to support the further slowdown of the amount of paddy, the amount of 0.32 million tons of paddy, totaling to 1.82 million tons of paddy.
With an extension of the loan contract from the original ended February 28, 2021 to March 31, 2021 and the rice farmer income insurance project, production year 2020/64, round 1 (add No. 2) by requesting an adjustment of the credit limit from Originally, 46,807 million baht, an increase of 3,839 million baht, totaling 50,646 million baht, as compensation for farmers’ income insurance in the amount of 3,755 million baht and other expenses in the amount of 84 million baht. 2020/64 and the rice farmer income insurance project, the production year 2020/64, the BAAC will take action when the Cabinet has approved it.
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