RICE PLEDGING
778,000 farmers join scheme
- Published: 4 Jan 2013 at 00.00
- Newspaper section: Business
A total of 5.64 million tonnes of rice worth 84.5 billion baht has entered the government's pledging scheme since the new harvest season began last October.
A senior official at the Bank for Agriculture and Agricultural Cooperatives (BAAC), the scheme's main credit provider, said 778,000 farmers have joined the programme for the 2012-13 harvest season ending this September.
Despite the high funding required, the bank will strive to maintain its capital adequacy ratio at a minimum of 10% to ensure stability, said the official.
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