Cabinet sets aside nearly 30 million baht for fertiliser subsidy

TUESDAY, JUNE 25, 2024

The new subsidy will provide 500 baht per rai capped at 20 rai to over 4 million farming households, says Srettha

The Cabinet has agreed to earmark 29.99 million baht to cover fertiliser subsidy for some 4.68 million farming households nationwide, Prime Minister Srettha Thavisin said on Tuesday.

After the weekly Cabinet meeting, the premier told reporters that each household would be entitled to a 500 baht per rai subsidy on fertiliser, capped at a maximum of 20 rai or 10,000 baht.

He said the Cabinet has instructed the Bank for Agriculture and Agricultural Cooperatives to advance the subsidy to farmers and that the government will reimburse the bank later.

Srettha said this subsidy would replace the earlier measure of granting 1,000 baht per rai to farming households.

The fertiliser subsidy measure was initially approved in principle by the National Rice Policy Committee.

Only some 4.68 million farming households have registered with the Department of Agricultural Extension for the 2024/25 planting seasons and will be eligible for this subsidy.