BAAC adds Bt10.6 bn to Village Funds so far
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The Bank for Agriculture and Agricultural Cooperatives (BAAC) said that as of Thursday, it had provided around Bt10.629 billion to 12,503 Village Funds as part of the government's stimulus measures.
This phase of the stimulus aims to help farmers and other low-income earners who have been hit by declining commodities prices, drought and the overall slowdown of the domestic economy.
The state-owned BAAC is in charge of providing around Bt30 billion of the Bt60-billion stimulus budget before the end of the year, and the Government Savings Bank is in charge of providing the other half.
The programme provides seven-year loans, with two years interest-free, to grass-roots people through 59,000 Village Funds.
