BAAC, green light, to suspend farmers’ debts in high-risk areas – open emergency loans, borrowing 10,000 interest, 100 installments, 2.6 years for farmers, entrepreneurs and people in the area at risk of COVID 19
January 29, 2021 Ministry of Finance News Station: Ministry of Finance News Station Reported that Surachai Rasamee, Acting Deputy Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC) disclosed that the BAAC Board passed a resolution on January 28, 2021, approved the measure and assigned BAAC. MPs accelerate assistance to customers affected by the coronavirus situation 2019 (Covid-19) New wave in Thailand
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By suspending debt to loan agreements with principal outstanding before January 1, 2021 in the 28 provinces in the highest control areas according to the announcement of the Coronavirus Disease Situation Management Center C.) And the additional announced provinces consisting of
1. The principal debt suspension scheme for farmers and individual customers With debt due from December 2020 to May 2021 for a period of 1 year from the original installment
2. The principal debt suspension program for entrepreneurs and farmers institutions consisting of entrepreneurs (legal entities), cooperatives (excluding savings cooperatives, government officials / state enterprises), farmers groups, individual groups, village or community funds, and organizations with due debt. From December 2020 to May 2021 for a period of 6 months from the original installment.
3. The principal debt moratorium for customers who borrow money under the emergency credit support program for people affected by disease.COVID-19 With debt due from December 2020 to May 2021 for a period of 6 months from the original installment
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4. The principal debt suspension program for customers who participate in the informal debt correction project. With debt due from December 2020 to May 2021 for a period of 1 year from the original installment
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In addition, it also agreed to support loan interest rate relief to add money into the system. Both in terms of emergency expenses needed in daily life And the restoration of liquidity in business operations consisting of
1. Emergency Credit Support Program for Farmers and their Families
– Total credit limit of 20,000 million baht, loan amount not exceeding 10,000 baht
– fixed interest rate at only 0.1 percent per month
– Repayment is due not more than 2 years 6 months from the date of the loan.No collateral is required.
– Able to pay installments according to the repayment ability (monthly / 3 months / 6 months) without repayment of principal and interest in the first 6 months from the date of the loan begins to apply for credit across the country From 29 January to 30 June 2021
2. Emergency credit project to enhance liquidity for entrepreneurs and farmer institutions
– Total amount 10,000 million baht
– The target groups are entrepreneurs (legal entities), farmers groups, individual groups, village or community funds, organizations and co-operatives (excluding civil servant / state-owned savings cooperatives) in the 28 provinces in the highest controlled areas according to the FDA and provincial announcements. More announced
– Interest rate 4% per year, repayment period is not more than 12 months from the date of loan withdrawal. But not later than December 31, 2022 free of principal payment for not more than 6 months from the date of the loan
– Starting from February 1 to December 31, 2021 at the BAAC branch in your area.
In this regard, you can inform your intention to join the above project with BAAC through the LINE Official BAAC Family website. www.baac.or.th In the event of a request for a suspension of debt, the message will appear “BAAC has received your information successfully” It is the completion If the customer expresses a request for credit Select the type of loan you want and press. “Next” The message “BAAC has received your information” will be completed and the channel Call Center 02 555 0555 or at the BAAC branch in the area.
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Thanks to information from Ministry of Finance News Station: Ministry of Finance News Station–
