The BAAC reports that small-scale farmers owe a total 650 billion baht. PATTARAPONG CHATPATTARASILLThe cabinet has approved in principle the extension of debt repayment and lower lending rates for small-scale farmers as the latest move to help shore up the agricultural sector. The subsidy programme is estimated to cost about 16.3 billion baht, 2.71 billion baht of which would be allocated from the fiscal 2018 budget for the first two months (Aug 1 to Sept 31) of this year. The remaining 13.58 billion baht for the last 10 months would be earmarked from the fiscal 2019 budget. BAAC reported that small-scale farmers owe a total of 650 billion baht to the bank, while the government expects 10 million small farmers to be entitled to the scheme.

Source: Bangkok Post July 31, 2018 23:25 UTC