A loan of 500 million baht from Farmers Aid Fund in Thailand

Published 2022년 11월 7일

Tridge summary

The Department of Fisheries in Thailand has allocated 500 million baht from the Farmers Aid Fund to support 1,000 shrimp farmers. The loan will be interest-free and each farmer will receive 500,000 baht. However, the Thai Shrimp Farmers Network Association disagreed with a resolution requiring farmers to submit credit bureau information and refused to certify the minutes of the meeting. They are advocating for alternative conditions to access the Farmers' Aid Fund, aiming to provide more funding opportunities for farmers in the 4th quarter of fiscal year 2022.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On November 7, 2022, Mr. Kanchit Hemarak, President of the Thai Shrimp Farmers Network Association, revealed to the “Economic Base” that the Department of Fisheries has approved a loan from the Farmers Aid Fund. 500 million baht 1,000 farmers, 500,000 baht each, interest-free and the cabinet has given its approval (in the project to enhance liquidity for shrimp farmers, phase 1) The Department of Fisheries has appointed a committee to manage the project. and had a meeting to consider the criteria and conditions and the implementation guideline has been used as a manual for the implementation of the project twice. In the case of using a person as collateral for a loan The meeting held a meeting of the Project Management Committee. No. 2/2522, on October 12, 2022, requiring farmers to submit documents showing credit bureau information as well. The project management committee, representatives of the Thai Shrimp Farmers Network Association, 4 people disagreed with the above ...

Source: Ththansettakij