BAAC extends debt moratorium to 2014
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The Bank for Agriculture and Agricultural Cooperatives plans to extend debt moratorium to farmers whose debt is lower than Bt500,000 for another three years.
In addition, good debtors will enjoy special offer from the bank with life insurance coverage of Bt100,000.
Finance minister Thirachai Phuvanatnaranubala said the debt moratorium will start on October 1 this year until September 30, 2014. The programme will cover 639,589 farmers with total principals of Bt77.75 billion. They cannot borrow new fund during the debt moratorium period, but will enjoy trainning course to develop their skills to boost their income.
