BAAC earmarks Bt70 billion for low-interest loans to entrepreneurial SMEs in ag sector
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The Bank for Agriculture and Agricultural Cooperatives (BAAC) is planning to launch a 4-per-cent-interest loan with a budget of Bt70 billion to support around 7,200 small and medium-sized enterprises in the agricultural sector that have the potential to b
The new loan budget will support the government’s economic plans to shift Thailand from an export-led economy towards a domestic-led one amid the ongoing Thai slowdown and the new norm of low economic growth in major global markets.
“All five tangible measures that were agreed upon today will definitely be implemented this year,” Somkid Jatusipitak, deputy prime minister in charge of economic affairs, said Wednesday after signing five memoranda of understanding with around 30 public and private organisations on ways to steer the “Pracharat” ideology of economic partnerships among the people, government and the private sector.
