Bangkok Post : Govt to the liberate with B18m loans Income loan.

The command has agreed to bail out 36 debt-ridden farmers and low-income rank and file by lending them 18 million baht at revealing infect over an extended period. The Committee on Assistance for Farmers and the Poor approved the disbursement of more than 18 million baht after an allurement to the guidance for help. The debtors are members of the Four Regions People Network Council. Agriculture and Cooperatives Minister Theera Wongsamut, who chairs the committee, said the riches would be paid into a revolving reserve for farmers and the poor, and it would add to feathery loans to the debtors through the Bank of Agriculture and Agricultural Cooperatives. The debtors, from Samut Songkhram, Prachuap Khiri Khan, Nakhon Ratchasima, Ang Thong and Udon Thani, can then reciprocate their genuine debts.

They will refund the loans to the bank together with 5% influence over 20 years. The farmers must use their arrive as collateral for the loans. Mr Theera said the magnitude each being could obtain would not overshadow 2.5 million baht. The domination has allocated 2.95 billion baht to the revolving pay for since 1991 and it has extended non-muscular loans to 21,300 borrowers.

The rich loans have spared farmers from losing a unqualified of 220,000 rai to lenders who threatened to foreclose when debts were not repaid.

Opinion site: read there