Support farmers in cattle farming groups Provide credit to expand the business.
Date 01 March 2021 time 22:14
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Support farmers to form groups as a community enterprise to promote cattle farming Give credit with interest as little as 0.01% or a million percent.
Mr. Somkiat Kimawha, Deputy Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC) revealed that, according to BAAC, the MOU signed a cooperation with the Department of Livestock Development. Ministry of Agriculture and Cooperatives In driving the project to support credit to promote animal husbandry and related businesses such as cattle, buffalo, goats, beef and indigenous chickens, the BAAC now sees beef cattle becoming popular for consumption. It also has a higher selling price than in the past. Therefore, farmers are encouraged to turn to cattle fattening to encourage farmers to have more occupations and income.
In addition, to strengthen their occupation, BAAC and the Department of Livestock Development has encouraged farmers who are ready for raising livestock. To form a community enterprise Which can apply for registration at the District Agricultural Office in each area Then, the knowledge of standardized farming will be provided by the Department of Livestock Development, along with creating a business plan that is consistent with the community’s context in terms of economy, society, environment, culture. Organizational structure, objectives, goals, operating procedures, management plan, financial plan, production plan, marketing plan using market principles, lead production, such as a contract to buy and sell Or a memorandum of purchase Additional benefits are allocated to farmers or communities, etc.
The community enterprises operating in accordance with the aforementioned process are ready to provide credit support for the Build Thai Community Business Project. It is for investment and revolving expenses. Interest rate of only 0.01% per year or 100 baht per million for a period of 3 years from the date of the loan. From the 4th year onward, the interest rate is calculated according to the normal bank basis. Loan repayment due in case of revolving expenses not more than 12 months (special up to 18 months) in case of investment cost not more than 15 years (special not more than 20 years) from the borrowing date Payment period from now until 30 November 2022, total credit limit of 50,000 million baht.
Currently, there are more than 104 community enterprises participating in the project and the BAAC has supported more than 417 million baht in credit. At the district agricultural office Livestock District or BAAC in your area
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