BAAC updates COVID round 2, introduces 7 credit measures With measures to suspend payment – extend time – reduce debt burden completely here
BAAC or Bank for Agriculture and Cooperatives It is another financial institution that has taken measures to help customers who have been impacted by the situation of the new coronavirus outbreak or COVID-19 continuously. The main measures of the BAAC that are interesting to revitalize and restructure the business are to add credit to enhance liquidity for customers, a total of 7 projects as follows:
1. Covid-19 Emergency Loan Program Approximately 11,000 million baht remaining amount by extending credit request until 30 June ’21
2. New production season short-term loan (Jump Start Credit) credit amount 100,000 million baht
3. The emergency loan program to supplement liquidity with low interest rates. (To entrepreneurs / institutions)
4. New Gen Hug loan project, hometown project amount 60,000 million baht
5. Sufficient Loan (SL) Project amount 10,000 million baht.
6. SMEs Loan Project (Soft Loan, BOT Phase 2) Project amount 45,000 million baht
7. Loans to solve informal debt. Project limit 8,000 million baht
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