BAAC began to transfer money to reduce costs and increase efficiency of rice 1,000 baht per rai, not more than 20 rai.

BAAC ready to transfer money Reduce production costs and increase rice production efficiency, 1,000 baht per rai, not more than 20 rai per household, amounting to 20,000 baht from 13-17 December 64, with farmers benefiting more than 4.45 million households, with an amount of over 53 billion baht.

Mr. Kab Ngoen Ruang, Deputy Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC) revealed that according to the BAAC has been assigned to take measures to help farmers. which was approved for an additional budget limit from the Cabinet on 30 November 2021 and the BAAC Board approved the framework on 3 December 2021, in which the The project to support management costs and develop the production quality of rice farmers in the year 2064/22 production is another measure. to help and alleviate the suffering of farmers from the burden of higher production costs as well as to incentivize farmers to maintain good quality rice in order to have a chance to sell rice at a higher price and earn more The government supports money for farmers who have registered rice growers, production year 2064/22, round 1 with the Department of Agricultural Extension. Ministry of Agriculture and Cooperatives at the rate of 1,000 baht per rai, a maximum of 20 rai or not more than 20,000 baht per household. Budget amount of 53,871.84 million baht, targeting farmers of 4.69 million households. which will start transferring money directly to farmers’ accounts Between 13 – 17 December 2021, for the Northeast and the North which is a large group, will start transferring on 14 – 17 December 2021, with farmers receiving money in the amount of 4,452,805 households in the amount of 51,988 million baht.

In this regard, farmers can check the results of money transfers via the BAAC A-Mobile application 24 hours a day, and there will be a message alerting the money to the account via LINE Official BAAC Family in case customers apply for the BAAC Connect service. Including being able to withdraw cash through ATMs of BAAC nationwide.