Karam" reveals that the government, through BAAC, is helping farmers in 3 southern provinces affected by flooding. Issue measures to reduce existing debt burden and enhance liquidity. relieve suffering Mr. Karom Phonphonklang, Deputy Spokesperson of the Prime Minister's Office, revealed that due to the flooding situation in the southern region, the government through the Bank for Agriculture and Cooperatives (BAAC) hastened to help farmers affected by flooding in the three southern border provinces. (Narathiwat Province Pattani Province and Yala Province) to alleviate suffering initially Ready to organize measures to take care of debt burden, including sustainable debt restructuring. and loans to enhance liquidity To be used as emergency expenses for repairing damaged homes and agricultural equipment, interest-free for the first 6 months, including occupational rehabilitation, income generation, and quality of life development, total credit line 10,000 million baht. 'The BAAC has organized measures to redu ce the existing debt burden. For customers with normal debt status through the following measures: 1. Debt restructuring and vocational rehabilitation. The bank will consider extending the debt repayment period and setting a new debt repayment schedule according to the true potential, but not more than 20 years. 2. Measures for paying interest and cutting principal when customers send in debt repayment. The bank will share the burden of debt repayment in proportion to the principal and interest in the proportion of 50 : 50 of the amount sent by the customer. The customer must pay not less than 30 percent of the total interest on the loan and 3. Measures to pay the principal and adjust the installments, whereby the bank will adjust the new debt repayment schedule for the customer to be in line with the customer's income and debt repayment potential. When the customer pays the principal amount of not less than 1 percent of the entire contract amount. And for NPLs customers, the bank will consider debt restructu ring for customers based on their debt repayment potential. The conditions are as specified by the bank,' said the Deputy Spokesperson for the Prime Minister's Office. Mr. Karom said that the BAAC has created measures to enhance liquidity and rehabilitate customers. To be used in building or repairing homes Agricultural greenhouses, tools, agricultural machinery Including the restoration of production damaged by natural disasters or disasters. and reduce the problem of borrowing outside the system. A total credit line of 10,000 million baht consists of 1. Loans for emergency expenses. To be used as household expenses and to enhance liquidity for farmers during the disaster period, such as necessary consumer expenses, interest-free for the first 6 months and from the 7th month onwards, MRR interest rate (currently MRR equals 6.975 percent), each credit limit does not exceed 50,000 baht, payment period within 3 years 2. Loans for rehabilitation and development of quality of life To pay for repairs to houses an d property Cost of repairs to damaged agricultural tools and equipment New round of agricultural expenses, credit limit not exceeding 500,000 baht, interest rate MRR-2, repayment period not exceeding 15 years Source: Thai News Agency