“Low interest loan” state policy increase liquidity Due to the COVID-19 epidemic situation, crocodile Which has a size that can be used to process more than 600,000 products in farms across the country. cannot be sold and processed into goods and products for export
As a result, crocodile farmers have to bear the burden of food and other expenses in cultivating them. and related business operators have expenses such as Tanning, storage (stock), processing There was a problem of lack of financial liquidity. including lack of working capital for occupation
The Cabinet therefore approved Bank for Agriculture and Agricultural Cooperatives (BAAC) make a project “Low interest loan” Credit to enhance liquidity for crocodile farmers and related business operators in the amount of 1,800 million baht. divided into
- Credit for expenses for crocodile farmers in the amount of 600 million baht.
- Credit for the cost of crocodile processing for related business operators in the amount of 1,200 million baht
interest rate (According to customer type) whereby the government compensates interest for BAAC on behalf of farmers and entrepreneurs at a rate of 3 percent per year.
- MRR – 3 or 3.5% p.a. (Current interest on MRR 6.5% p.a.)
- MLR – 3 or 1.875 percent p.a. (Current interest on MLR 4.875 percent per annum)
repay
- within 5 years from the date of the loan
Borrower’s Qualifications
- Must be a crocodile farmer with notification of regulated aquaculture operations according to the Fisheries Act B.E. 2558
- There is evidence showing how many crocodiles are allowed to breed, trade and possess crocodiles. according to the law on wildlife conservation and protection B.E. 2562
- Business operators related to crocodiles licensed under the above law as well as having a plan to purchase crocodiles for processing by that crocodile Must be obtained from a legally licensed crocodile farm.
* In case the borrower is both a crocodile farmer and a related business operator Only one type of credit support can be obtained.
However crocodile skin business It is popular in China and Europe. In 2018 – 62, Thailand exported crocodile products more than 7 billion baht, but during the epidemic situation of the corona virus 2019 (Covid-19), the export value is only 785 million baht.
which measures “Low interest loan” It is expected to help alleviate the suffering of crocodile farmers and related business operators so that they can resume their livelihoods. by those who are interested
Applications can be submitted from now until March 31, 2022 at the Provincial Fisheries Office and all branches of BAAC across the country.
Additional information: Call Center 02-555-0555
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