BAAC allocates Bt65 bn in loans for farmers, community enterprises
Directors of the Bank for Agriculture and Agricultural Cooperatives have approved the allocation of Bt65 billion in loans for farmers and other individuals to buy machinery and farm innovation products through to March 2023.
Bank president Apirom Sukprasert said Bt15 billion was earmarked for small-scale farmers and the rest for community enterprises and agricultural cooperatives.
Eight-year loans for community enterprises and agricultural cooperatives carry an annual interest rate of 0.01 per cent.
Apirom expects the loan fund to be fully depleted within two years.
