Bt20 bn farm-sector loan scheme approved
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Bank for Agriculture and Agricultural Cooperatives' board of directors approved the Bt20 billion lending scheme, to support machinery procurements.
Luck Wajananawat, president of the bank, said that the scheme would benefit farmers and farming groups in need of new food processing machinery and transport vehicles.
The scheme is the second phase, following the first phase whereby a sum worth Bt32 billion was extended to over 77,000 farmers.
Farmers will be charged 7 per cent per annum for the loans of which maximum repayment period is 7 years.
