BAAC emergency loans for flood-hit Nan farmers

Matichon•Economy•5d ago

Reader Briefing

Bank for Agriculture and Agricultural Cooperatives (BAAC) provides emergency and recovery loans for flood-affected farmers in Nan Province.

•BAAC launched emergency loans of up to 50,000 baht with 0% interest for 6 months for Nan province farmers.
•BAAC provides recovery loans up to 500,000 baht per person for severe damage.
•BAAC's total outstanding loan balance is approximately 1.67 trillion baht.
•A 1,000 baht per rai support project for in-season rice farmers is awaiting Cabinet approval.

Overview

•BAAC approved and paid circulating loans of approximately 300,000 - 400,000 million baht during the 5 months from April - August 2026.
•BAAC's total outstanding loans are approximately 1.67 trillion baht, with a growth target of 30,000-40,000 million baht by the end of the fiscal year to reach 1.71 trillion baht.
•BAAC loan disbursements typically increase from September onwards as the main planting season for rice and corn begins, representing 70-80% of the bank's loan portfolio.
•The 1,000 baht per rai project for in-season rice farmers has passed partial approval by the National Rice Policy and Administration Sub-Committee and awaits Cabinet consideration.
•Phaisan Hongthong stated that the BAAC Board must analyze liquidity sufficiency on the date of Cabinet approval for all projects to ensure risk frameworks are met.
•BAAC offered "Emergency Expense Loans" of up to 50,000 baht with 0% interest for 6 months to farmers in Nan Province to prevent reliance on informal debt.
•BAAC provided "Recovery Loans" with a maximum limit of 500,000 baht per person at relaxed interest rates for farmers with severe damage such as total house loss.

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Key Quotes

Phaisan Hongthong

"BAAC has the liquidity readiness to support government policy measures."

ธ.ก.ส. มีความพร้อมด้านสภาพคล่องในการรองรับมาตรการนโยบายรัฐ

Key Entities

Person

Phaisan Hongthong(ไพศาล หงษ์ทอง)

Deputy Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC).

Organization

Bank for Agriculture and Agricultural Cooperatives(ธนาคารเพื่อการเกษตรและสหกรณ์การเกษตร)

A financial institution providing loans and support to farmers, including emergency flood relief in Nan Province.

BAAC(ธ.ก.ส.)ℹ️

The abbreviated name for the Bank for Agriculture and Agricultural Cooperatives.

National Rice Policy and Administration Sub-Committee(คณะอนุกรรมการนโยบายและบริหารข้าวแห่งชาติ)

The body that has partially approved the 1,000 baht per rai support project.

Cabinet(คณะรัฐมนตรี)

The government body responsible for considering and approving the 1,000 baht per rai project.

Place

Nan Province(จังหวัดน่าน)ℹ️

A province where farmers have been affected by floods.

Law

Financial Discipline Law(กฎหมายวินัยการเงินการคลัง)

The law whose Section 28 framework must be followed for budget usage.

Policy

In-season Rice Farmer Support and Cultivation Promotion Project(โครงการสนับสนุนช่วยเหลือเกษตรกรผู้ปลูกข้าวนาปี และส่งเสริมการเพาะปลูกให้เหมาะสมกับศักยภาพพื้นที่)

A project providing 1,000 baht per rai to rice farmers, currently awaiting Cabinet approval.