The Finance Ministry has added more benefits to its credit cards for farmers as it prepares to issue 2 million more cards as part of the project's second phase.
Deputy Finance Minister Tanusak Lek-uthai said farmers can now use the credit cards to purchase consumer goods such as rice as well as farm supplies.
Under the scheme's first phase, the cards were restricted to the purchase of fertiliser, seeds, pesticides and fuel from participating suppliers.
Mr Tanusak said the annual interest rate has also been slashed from 7% to 1.5% and new members will be given a five-month interest-free period.
The farmer credit card scheme aims to provide easy lines of credit for farmers to buy supplies as most are unable to borrow from banks.
Mr Tanusak said the ministry expects to issue 2 million new cards in the second phase, which was launched on July 14.
The first phase of the project, which was launched in July last year, saw about 2 million cards issued with a total credit line of 43.66 billion baht.
Mr Tanusak said those with good credit records are eligible to seek emergency loans of up to 50,000 baht.
The ministry plans to increase the number of participating suppliers from 4,000 to 10,000 by year's end, he said.
Other benefits include free annual medical check-ups at state hospitals, he said.