“BAAC” to recover the “expensive pig” crisis, release “loan for pig farmers” with low interest

Mr. Arkhom Termpittayapaisith Minister of Finance and Chairman of the Bank for Agriculture and Agricultural Cooperatives or “BAAC” said from the problem “expensive pork” Pork prices continue to rise. This is due to the increasing market demand and the impact of severe epidemics in pigs. causing the number of pigs to enter the market decreased together with the prices of important feed ingredients such as maize Soybean meal, etc. are very expensive.

As a result, farmers have to bear the burden of increased production costs. Consequently affecting consumers Recently, the government has accelerated the policy to fix the problem whether it is refraining from exporting live pigs Waiver of Fees/Taxes including the promotion of maize production to replace imports to help with the price of feed raw materials Including special credit to restore specific swine production through the BAAC system to strengthen the pig farming system that benefits both farmers, producers and consumers.

“BAAC” thus opening a way to recover the crisis “expensive pork” ready to support pig farming and increase the productivity of integrated feed to expedite the problem of rising pork prices and to create a pig farming system that benefits both farmers, producers and consumers through a special low-interest loan program with a total credit line of 30,000 million baht, consisting of

1. “Credit for Dreams, Build a Career” For small farmers and households who wish to borrow money to invest in pig farming or others to create a career Loan limit of not more than 100,000 baht per person, in case of borrowing as expenses, the interest rate is 4% per annum, repayment period of not more than 12 months (specially not exceeding 18 months) from the borrowing date, in case of investment costs 1-3 years Interest is charged at the rate of 4% per annum, 4th – 5th year, the interest rate is MRR (currently MRR is 6.5% per annum). Repayment period is not more than 5 years, with the first 2 years of principal repayment.
2. “Food Safety Loan” for revolving expenses or for investment in promoting environmentally friendly occupations Interest rate in case of farmers MRR (currently MRR is 6.5% per year) In case of entrepreneurs, juristic persons, community enterprise groups or organizations, farmers groups or agricultural cooperatives MLR interest (currently MLR is 4.875% per year)

especially for those who have been certified or related practices from government agencies or private sectors, in the case of farmers, interest MRR-1 in the case of entrepreneurs Various juristic persons, interest MLR-0.5, repayment period In case of revolving expenses, not more than 12 months (special case, not more than 18 months from the loan date) In case of investment expenses, not more than 15 years

3. “Lending 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. The loan limit is not more than 100 million baht per person. Year 1 – 2 interest rate is 4% per year and year 3 – 10 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 is 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) for not less than 20% of the cost of raw materials or a business that uses either of the principles of the holistic economic development model (BCG Model) will receive interest rates in the 3rd – 4th year interest rate of 4% per annum for an additional 2 years, subject to conditions bank set

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