Farmers can buy fuel on credits
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It will be known within July the terms and conditions that allow the use of farmer credit cards at fuel stations of PTT and Bangchak Petroleum, said BAAC President Luck Wajananawatch.
Buying fuel on credit is on top of the purchases of seeds, fertilisers and pesticides, under the farmer credit card scheme.
Luck said that PTT and Bangchak promise a discount to farmers. In the process, they are modifying the credit card system to welcome the farmer credit cards. Technical issues of this plan are being discussed with the Finance Ministry.
Still, despite the extension of products to be bought on credit, maximum credit line of each holder would remain capped at 60-80 per cent of annual revenue estimates from their crops. Clients with good track records will win upto 80 per cent credit.
"The extension should not cause financial problems, as most of them are good clients," he said.
