Yala, Aug. 25- BAAC ready to respond to farmers' debt moratorium policy and 10,000 baht digital money from the new government under the leadership of "Srettha Thavisin"

Mr. Chatchai Sirilai, Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC), revealed that BAAC is ready to respond to the policy of the new government's debt moratorium on farmers. Under the leadership of Prime Minister Mr. Srettha Thavisin, the bank has now prepared a database of customer details. Both the number of customers, interest, gender, age of the debtor, the amount of debt, but still have to wait for clarity. In what dimensions will the new government suspend debt for farmers, for example, to suspend debt only on the principal amount? Or stay both trees and flowers. However, the bank has prepared to bring the proposal to discuss with the Ministry of Finance. what can be done in order not to affect the bank Especially cash flow and bad debt in the debtor who has the potential to repay the debt. It may also offer a package that is an incentive to pay off debt as well.

As for the digital wallet policy, 10,000 baht, Mr. Chatchai said that the BAAC is ready to respond to the policy, ready to be a digital money distribution channel. Can take action immediately if there is a policy down because BAAC has technology to support it. and has more than 1,200 branches scattered in the community But must also look at the context of BAAC customers because most BAAC customers are farmers who live in remote areas, not in the city Therefore, it must be seen that it matches the target audience. And conditions for using digital wallets within 4 kilometers from the address in the household registration? .-Thai News Agency

Source: Thai News Agency