BAAC advises farmers to inform them of debt suspension for 3 years through "BAAC Mobile", drawing on government, private and educational networks to add knowledge and rehabilitate 300,000 debtors/year, along with adding capital to create careers. More than 100,000 baht during the suspension of debt repayment

Mr. Chatchai Sirilai, Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC), revealed that debt moratorium measures for farmers It is normal debt and outstanding debt. The outstanding principal as of September 30, 2023 does not exceed 300,000 baht, amounting to 2.69 million farmers. Farmers must notify their intention to join the measure. To receive a potential assessment and ability to repay debts Improving knowledge and rehabilitating occupational skills If you are a debtor, you can pay normally. Will change the order of amortization of principal and interest in the ratio of 50:50 of the payment in each installment. If there is outstanding debt (NPL), the bank will allocate payment to the principal for the entire amount sent each time and is open to participating in incentive measures according to The BAAC's "Dee Mee Chok Payment Project" would like to emphasize that submitting a request to suspend debt payment must be voluntary by the debtor.

To facilitate Reduce travel expenses and reduce congestion at BAAC branches. Therefore, we are preparing for farmers and customers. Notification of intent to join the debt moratorium measures Through the BAAC Mobile application using the ID card number of the person expressing the wish. With a contact phone number. The system will then process the information to check the qualifications. If someone meets the criteria for being qualified according to the BAAC measures, they will make an appointment with the customer and guarantor. Go to the branch or service point to make an appointment to prepare the relevant documents. You can make a request from October 1, 2023 until January 31, 2024, a total of 4 months, in case farmers are inconvenienced. Contact to report your wish to join the measures at your nearest branch nationwide. Staff ready to facilitate Make a request via BAAC Mobile to log into the processing system and verify your rights as well.

The government also aims to help alleviate suffering. Reduce the debt burden of small farmers and increase farmers' income. During the moratorium on debt payments, the BAAC has set career development guidelines. including existing careers, additional careers, and new careers under the guideline of "leading market, additional innovation Increase new income” by collaborating with the public, private, and educational institutions. To use innovation and technology to increase product value, reduce costs, and improve and develop product formats to markets with high purchasing power. to make money Target: 300,000 farmers per year

For example, promoting short-term vegetable growing, such as growing vegetables on the litter of the Huai Suea Ten community. Khon Kaen Province and growing salad vegetables and fresh tomatoes at Suk Farm. Sisaket Province Delivered to hotels or hospitals in the province. Help promote local consumption, etc., along with preparing appropriate loan products to revive occupations. The maximum amount is not more than 100,000 baht to procure production factors. Have a stable income After the payment suspension

For debtors who wish to opt out of participating in the measure, they must notify their intention to the BAAC with the following conditions: 1) They must be debtors who have participated in the measure for at least 1 year. 2) Debtors who wish to use the service. Normal loans with the BAAC before applying for a loan must waive the right to participate in the measure The amount will be considered according to potential and 3) in the case that the debtor does not comply with the conditions of the measure, such as not participating in the annual assessment of potential and ability to repay debt. or do not participate in training and occupational rehabilitation prescribed by the BAAC, or create additional debt with other financial institutions while participating in the BAAC measures, will consider expelling them from such measures.

Mr. Chatchai further said that what he would like to emphasize to farmers and people who will join the measures is this. Please be careful of scammers who may take this opportunity. Using the debt suspension issue to deceive in various ways by claiming to be an official to contact for convenience. Or trick people into automatically clicking on various links. Therefore, we ask all customers to study information on downloading and using the BAAC Mobile application on IOS and Android systems through the App store and Play store only. Or ask for other information at Call Center 02 555 0555 or branches nationwide.

Source: Thai News Agency