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BAAC Half-Interest Loan for Farmers

BAAC Half-Interest Loan for Farmers

Matichon•Society•1h ago

Reader Briefing

BAAC introduces a half-interest loan project and flood relief financial measures for farmers.

  • •BAAC provides a half-interest loan of up to 100,000 Baht with a 12-month repayment term.
  • •Farmers can reduce interest from 6% to 3% by attending soil testing training and purchasing fertilizer from registered shops.
  • •Emergency flood relief loans are available up to 50,000 Baht with 0% interest for the first 6 months.
  • •Life quality restoration loans for disaster victims are available up to 500,000 Baht with a 15-year repayment term.

Overview

  • •The half-interest loan follows a Cabinet resolution on April 11, 2026, and a BAAC Board resolution on June 17, 2026.
  • •Samart Iamwong stated the half-interest loan is intended for periods of high oil prices and high production costs.
  • •The half-interest loan offers a limit of 100,000 Baht with a base interest rate of 6% per year.
  • •Farmers must use at least 15% of the half-interest loan to buy fertilizer from registered stores to qualify for the 3% interest rate.
  • •BAAC provides emergency loans up to 50,000 Baht for farmers in declared disaster areas for living expenses or urgent household needs.
  • •Emergency loans for 2026/70 have 0% interest for months 1-6 and then the MRR rate from month 7 onwards.
  • •Restoration loans for disaster victims provide up to 500,000 Baht at an interest rate of MRR -2, with current MRR at 6.575%.
  • •Samart Iamwong advised farmers facing flood damage to use these loans instead of seeking informal loans.

Full article content is available on the original source.

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Source: Matichon (Original)

Key Entities

Person

Samart Iamwong(สามารถ เอี่ยมวงษ์)
Deputy Director of the Western Regional Branch Affairs of BAAC.

Organization

BAAC(ธ.ก.ส.)ℹ️
The organization implementing government loan projects and providing financial aid to farmers.
Cabinet(คณะรัฐมนตรี)
The body that issued a resolution on April 11, 2026, regarding the half-interest loan project.
BAAC Board(คณะกรรมการ ธ.ก.ส.)
The body that passed a resolution on June 17, 2026, regarding the half-interest loan project.

Policy

Half-Interest Loan Project(โครงการสินเชื่อดอกเบี้ยคนละครึ่ง)
A government project providing loans up to 100,000 Baht with interest reductions for farmers who meet specific conditions.