Expensive pork Expensive pork price until a crisis “Moo Phaeng 2022” Pork dealers have begun to be affected. including farmersraise pigstoo Bank for Agriculture and Agricultural Cooperatives (BAAC) therefore issued financial assistance measures for farmers Special credit is arranged for the restoration of specific swine production. including loans for dreaming of building a career, food safety loans and loans to strengthen agricultural SMEs, totaling 30,000 million baht
Why are pigs expensive?
problemexpensive pork because of increasing market demand A deadly epidemic in pigs has led to a number ofpiginto the market decreased including the price of important feed ingredients such as maize Soybean meal, etc. are very expensive. causing farmers to bear the burden of increased production costs Consequently affecting consumers
latest BAAC has prepared a special credit to fund theraise pigs Cultivation of agricultural products necessary for the production of animal feed. and setting up a standard farming system to prevent and reduce the risk of disease outbreaks that often occur. In order to increase the number of pigs to the market more, the total amount of 30 billion baht, what are the details of the loan? Check the details here!
BAAC Loan to solve the problem of “Pang Phaeng 2022”
Dream loans to build careers
For small farmers and households who wish to borrow money to invest in pig farming or others to create a career
Details of the dream loan to build a career
- The loan amount is not more than 100,000 baht per person.
- In the case of an expense loan, the interest rate is 4% per annum, with a repayment period of not more than 12 months (specially not exceeding 18 months) from the date of the loan.
- In the case of investments for the 1-3th year, interest is charged at the rate of 4 percent per year, the 4th – 5th year, the interest rate is MRR (currently MRR is 6.5 percent per year). The repayment period is not more than 5 years without principal payment. first 2 years
Food Safety Loan
As a revolving expense or as an investment in promoting environmentally friendly occupations
Food Safety loan details
- Interest rate in case of farmers MRR (currently MRR is 6.5 percent per year)
- In the case of entrepreneurs, juristic persons, community enterprises or organizations, farmers’ groups, or agricultural cooperatives, interest is MLR (currently MLR is 4.875% per year).
- Special for those who have been certified or related practices from government agencies or private sectors in the case of farmers MRR-1 interest
- entrepreneur case Various juristic persons, interest MLR-0.5
- repayment period In the case of revolving expenses, not more than 12 months (special cases, not more than 18 months from the loan date)
- In case of investment not exceeding 15 years
Loans to strengthen agricultural SMEs
for working expenses or investment expenses in business operations Innovation and technology are used to reduce costs and increase efficiency. or protect the environment
Details of loans to strengthen agricultural SMEs
- The loan amount does not exceed 100 million baht per person.
- 1st – 2nd year interest rate 4 % per year and 3rd – 10th year interest rate MRR-1 / MLR / MOR according to type of customer (currently MRR is 6.5% per year / MLR is 4.875% per year and MOR equal to 6.25% per year)
- In the event that entrepreneurs can use the Platform to manage their business or purchase organic produce or food safety with certification standards, or purchase produce from upstream farmers or enterprises that have been certified for good agricultural practice (GAP) at least 20 percent of the cost raw material Or is a business that uses one of the principles of the holistic economic development model (BCG Model) will receive interest rates in the 3rd – 4th year, interest at 4% per annum, for an additional 2 years.
However, the conditions are as specified by the bank. Interested persons can contact for loan details at BAAC, all branches nationwide or at Call Center 02 555 0555.
information from Ministry of Finance News Station BAAC
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