BAAC transfers more than 4,800 million baht in insurance for farmers
Date 15 Dec 2021 time 21:19
The Bank of Agriculture and Agricultural Cooperatives (BAAC) transfers money from the Farmers Income Insurance Program, installments 1-9, totaling more than 82 billion baht, with 4.5 million households benefiting farmers.
Mr. Kab Nguen Ruang, Deputy Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC), revealed that according to the cabinet resolution dated November 30, 2021 and the resolution of the BAAC committee meeting on December 3, 2021 approved Framework for operating to help farmers under the Rice Farmers Income Insurance Program Year 2064/65, which today (December 15, 2021) BAAC has transferred money to guarantee income in the 1- 7 (Additional) with installments 8-9, amounting to 4,838 million baht, the number of farmers 377,122 households, which resulted in the transfer of money from the rice farmers insurance program for the year 2064/65 from the 1-9 installments, totaling 82,308 million baht. The number of farmers Benefit 4,504,348 households
Such income assurance helps rice farmers to get the right returns from production. It is a hedge against price risk from experiencing loss. and help to solve the problem of falling product prices from the global economic situation The spread of the Covid-19 virus and the flood while the market mechanism continues to function normally. by guaranteeing income to farmers who grow 5 types of rice, namely jasmine paddy, 15,000 baht per ton, no more than 14 tons per household, jasmine paddy outside the district, 14,000 baht per ton, no more than 16 tons per household, paddy, 10,000 baht per ton, no more than 30 per household. A ton of Pathum Thani aromatic paddy, 11,000 baht per ton, no more than 25 tons per household, and glutinous paddy, 12,000 baht per ton, no more than 16 tons per household.
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.
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