Bangkok, May 4 – BAAC joins hands with the Department of Internal Trade. Encouraging entrepreneurs to collect and buy 8 types of fruits in the 2023 production season to stimulate the amount of fruit in circulation in the market. and delivered to consumers Both domestically and internationally, quickly, in time for the season, with the government subsidizing interest at a rate of 3 percent for a period of not more than 6 months, requesting to participate in the program at the BAAC from today until May 12.

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Mr. Chatchai Sirilai, Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC), revealed that during the summer in Thailand. Considered a period when there is a large amount of fruit in the market, so that the amount of such produce can be circulated in the market. and can be delivered to consumers Both at home and abroad quickly, keeping up with the season and helping to reduce the problem of oversupply and low prices, the BAAC is ready to be a part of the Department of Internal Trade. in supporting funds to enhance liquidity in purchasing fruit Under the 2023 Fruit Management Project for cooperatives, farmers groups, community enterprises and entrepreneurs (juristic persons) who receive loans from the BAAC already to be used as additional working capital for collecting and buying 8 types of fruits, namely mango, durian, mangosteen, rambutan, longan, lychee, longkong and pineapple during the period from 1 March to 31 October 2023. The government through a mutual fund to help farmers Will compensate interest on the loan at a rate of not more than 3 percent per year for a period of not more than 6 months

In this regard, the institute of farmers and entrepreneurs who collect fruit Can request to apply for the program with the BAAC branches that provide credit services within May 12, 2023, with the maximum loan amount per person not exceeding 100 million baht, interest rate MLR-3 (currently MLR is 5.375 percent per year) or the interest rate according to the loan project -3%. – Thai News Agency

Source: Thai News Agency