BANGKOK, Aug. 14- "Tipanan" reveals good news for farmers. BAAC prepares to provide BCG model loans worth 35 billion baht through 3 projects, confirming "General Prayut" aiming to transform the country's development.
Ms. Tipanan Sirichana, Deputy Spokesperson for the Prime Minister's Office, revealed that Gen. Prayut Chan-o-cha, Prime Minister and Minister of Defense. Accelerate the drive of the bio-economy-circular economy-green economy or BCG according to the strategic plan for driving Thailand with the BCG economic model 2021-2026, which consists of 4 strategic areas, namely 1. Agriculture and Food, 2. Health and Medicine, 3. Energy, Materials and Biochemicals, and 4. Tourism and Creative Economy, and 1. Biodiversity and Culture Base.
Ms. Tipanan said it was good news for the farmers. With the Bank for Agriculture and Agricultural Cooperatives (BAAC) promoting and supporting funds for farmers, individuals, juristic persons, community enterprise groups. Farmer groups or agricultural cooperatives through BCG Model loans with a total credit line of 35,000 million baht, consisting of
Bio Economy Credit to promote and support the use of innovation or biotechnology to increase production potential and create added value to products.
Circular Economy Credit to support the reduction of waste to zero (Zero waste) by maximizing resource utilization. as well as reusing materials (Reuse) and converting to reuse (Recycle)
Green credit to support organic farming or food safety production (Food Safety) Promote the use of alternative or clean energy. including preserving arts and culture natural resources and environment
This is to motivate farmers and agricultural entrepreneurs. turn to change the production process that is environmentally friendly, with the BAAC setting the interest rate For customers who are in the early stages of the project and are undergoing certification In the case of farmers, individuals, the interest rate is MRR per year (MRR is 6.975% per year) and juristic persons. community enterprise group Farmer groups or agricultural cooperatives Interest rate is MLR per year (MLR is 5.625%) and if the customer is certified. For farmers, individuals will charge an interest rate of MRR -1 per year and juristic persons will charge an interest rate of MLR -0.5 per year. Repayment within 15 years, in the case of borrowing to repay debts from other financial institutions, repaying within 10 years, not more than 15 years, the project period from today until March 31, 2028. For more information, please contact BAAC.
“General Prayut aims to transform the country's development with the BCG economic model in a systematic, concrete way to raise income levels. taking into account the environment Sustainable grassroots economic development,” Ms. Tipanan said.-Thai News Agency
Source: Thai News Agency