Cabinet mulls extra Bt28.7bn for rice farmers after price plummets
The National Rice Policy Committee on Monday approved raising the budget for the rice farmers’ income guarantee scheme by Bt28.711 billion, to Bt46.807 billion.
The budget will be used to help farmers at a time when the price of rice had dropped sharply, said government spokeswoman Ratchada Thanadirek.
The new budget will now be proposed to the Cabinet.
The programme and its financial details were prepared by the Commerce Ministry and Bank for Agriculture and Agricultural Cooperatives.
Meanwhile the Interior Ministry has been tasked with monitoring transparency of budget dispersal to farmers.
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