B74bn more for crop pledging scheme
- Published: 12 Mar 2013 at 16.41
- Online news:
The cabinet meeting has given the Ministry of Finance approval to guarantee 74.17 billion baht in loans for the Bank for Agriculture and Agricultural Cooperatives (BAAC) to fund the government's price pledging schemes, government spokesman Thosaporn Serirak said on Tuesday.
The loans will be acquired by BAAC to pay farmers who pledge their crops under price pledging programmes for agricultural products, particularly off-season rice, he said.
Mr Thosaporn said approval would increase the lending portfolio of the special task state-owned bank to 224.17 billion baht, up from the previous 150 billion baht.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.