BAAC offers emergency loans for Nan flood victims

Thansettakij•Economy•6d ago

Reader Briefing

The Bank for Agriculture and Agricultural Cooperatives provides emergency loans and recovery funds for flood victims in Nan province.

•BAAC provides emergency loans of up to 50,000 Baht with 0% interest for the first 6 months.
•BAAC offers recovery loans up to 500,000 Baht for home and agricultural asset repairs.
•The assistance is targeted at farmers and residents affected by flash floods in Nan province.
•Affected BAAC customers can apply at their respective BAAC branches starting today.

Overview

•Flash floods in Nan province have caused damage to the livelihoods, residences, assets, and agricultural areas of local farmers and residents.
•BAAC staff in the area are distributing relief bags, drinking water, and food boxes to victims in severely affected areas.
•BAAC is supporting disaster relief units in their duties.
•BAAC introduced the Emergency Expense Loan Project for Natural Disaster or Disaster Victims Year 2026/70, offering up to 50,000 Baht at 0% interest for 6 months, then MRR per year (currently 6.575%).
•BAAC introduced the Quality of Life Recovery and Development Loan Project for farmers, offering up to 500,000 Baht at MRR-2 per year (currently MRR is 6.575%) with a 15-year repayment period.
•BAAC will conduct on-site surveys of damaged residences, assets, and agricultural areas after the situation eases to consider further aid and debt reduction.
•Affected BAAC customers can notify their intent to apply for assistance at their affiliated BAAC branch from today onwards.

Full article content is available on the original source.

Read on Thansettakij (Thai Version)View in Google Translate

Source: Thansettakij (Original)

Key Entities

Person

Chatchai Sirilai(ฉัตรชัย ศิริไล)

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

Organization

Bank for Agriculture and Agricultural Cooperatives(ธนาคารเพื่อการเกษตรและสหกรณ์การเกษตร)

A bank providing financial support, emergency loans, and relief efforts to farmers and flood victims in Nan.

BAAC(ธ.ก.ส.)ℹ️

Abbreviation for the Bank for Agriculture and Agricultural Cooperatives.

Place

Nan(น่าน)

A province that experienced flash floods affecting farmers and residents.

Policy

Emergency Expense Loan Project for Natural Disaster or Disaster Victims Year 2026/70(โครงการสินเชื่อเพื่อเป็นค่าใช้จ่ายฉุกเฉินให้แก่ลูกค้าผู้ประสบภัยธรรมชาติหรือภัยพิบัติ ปี 2569/70)

A loan project providing up to 50,000 Baht with 0% interest for 6 months for emergency expenses.

Quality of Life Recovery and Development Loan Project for Farmers Affected by Natural Disaster or Disaster(โครงการสินเชื่อฟื้นฟูและพัฒนาคุณภาพชีวิตสำหรับเกษตรกรลูกค้า ผู้ประสบภัยธรรมชาติหรือภัยพิบัติ)

A loan project providing up to 500,000 Baht at MRR-2 interest for repairing homes and agricultural assets.