NCPO OKs loan scheme for farmers | Bangkok Post: business

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NCPO OKs loan scheme for farmers

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The military regime has endorsed a 4.8-billion-baht financial package funded by the fiscal 2015 budget to help farmers reduce production costs during the 2014-15 crop season. 

Yongyuth Maiyalap, spokesman for the National Council for Peace and Order, said the NCPO yesterday approved the measures proposed by the Bank for Agriculture and Agricultural Cooperatives (BAAC) to help farmers cope with low paddy prices.

The measures include a special loan scheme that charges borrowers three percentage points below the minimum lending rate for six months.

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