BAAC launches 2 loan schemes for Nan flood victims

Post Today•Economy•6d ago

Reader Briefing

The Bank for Agriculture and Agricultural Cooperatives provides two loan programs to assist people and farmers affected by flash floods in Nan province.

•The Bank for Agriculture and Agricultural Cooperatives (BAAC) introduced two loan schemes for flood victims in Nan province.
•An emergency loan provides up to 50,000 baht per person with 0% interest for the first 6 months.
•A recovery loan provides up to 500,000 baht per person with MRR-2% interest and a repayment period of up to 15 years.
•Affected BAAC customer farmers can apply for assistance at their respective BAAC branches.

Overview

•Flash floods in Nan province and northern areas have impacted the lives, housing, assets, and agricultural lands of the people.
•The Bank for Agriculture and Agricultural Cooperatives launched loan measures to increase liquidity and cover necessary expenses and repairs.
•The first loan for emergency expenses for 2026/70 provides a limit of not more than 50,000 baht per person with 0% interest for 6 months, then MRR (currently 6.575%) from the 7th month.
•The second loan for recovery and quality of life development provides a limit of not more than 500,000 baht per person at MRR-2% interest with a repayment term of up to 15 years.
•The recovery loan covers house repairs, agricultural buildings, equipment, and investments in new agricultural cycles.
•The Bank for Agriculture and Agricultural Cooperatives will send officers to survey damages to residences and agricultural areas after the situation eases.
•The Bank for Agriculture and Agricultural Cooperatives will use survey data to consider further assistance and debt burden reduction measures.

Full article content is available on the original source.

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Source: Post Today (Original)

Key Entities

Organization

Bank for Agriculture and Agricultural Cooperatives(ธนาคารเพื่อการเกษตรและสหกรณ์การเกษตร)

A state bank providing financial assistance and loan measures to flood victims in Nan province.

Person

Chatchai Sirilai(ฉัตรชัย ศิริไล)

The Manager of the Bank for Agriculture and Agricultural Cooperatives.

Place

Nan(น่าน)

A province in northern Thailand affected by flash floods.

Policy

Emergency Loan for Natural Disaster Victims 2026/70(สินเชื่อเพื่อเป็นค่าใช้จ่ายฉุกเฉินแก่ลูกค้าผู้ประสบภัยธรรมชาติหรือภัยพิบัติ ปี 2569/70)

A BAAC loan scheme providing up to 50,000 baht with 0% interest for the first 6 months.

Recovery and Quality of Life Development Loan for Natural Disaster Victim Farmers(สินเชื่อฟื้นฟูและพัฒนาคุณภาพชีวิตสำหรับเกษตรกรลูกค้าผู้ประสบภัยธรรมชาติหรือภัยพิบัติ)

A BAAC loan scheme providing up to 500,000 baht for repairs and new agricultural investment.