BAAC: Debt moratorium, loans for farmers | Bangkok Post: business

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BAAC: Debt moratorium, loans for farmers

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The Bank for Agriculture and Agricultural Cooperatives (BAAC) has offered a six-month debt moratorium for rice growers affected by the delayed rice payments, BAAC president Luck Wajanawat said on Wednesday. 

Rice growers in Ayutthaya are facing irrigation water shortages. (Photo by Sunthon Pongpao)

Mr Luck said the offer is aimed at easing difficulties of farmers who presented invoices to claim money from the BAAC for their rice pledged under the government's rice scheme last year.

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