BAAC offers low-interest loans for Nan flood victims

Khaosod•Economy•6d ago

Reader Briefing

The Bank for Agriculture and Agricultural Cooperatives (BAAC) provides emergency loans and relief supplies to farmers affected by sudden flooding in Nan province.

•BAAC is providing two types of low-interest loans to disaster-affected customers in Nan province.
•Emergency loans for general expenses offer 0% interest for the first 6 months.
•Recovery loans for quality of life and asset repair offer an interest rate of MRR-2 per year.
•BAAC is distributing survival bags, drinking water, and food boxes to those in severely affected areas.

Overview

•Sudden flooding occurred in the area of Nan province, causing damage to farmers' livelihoods, residences, assets, and agricultural areas.
•BAAC assigned local staff to distribute survival bags, BAAC drinking water, and food boxes to victims and disaster relief units.
•BAAC introduced the Emergency Expenditure Loan Project for Natural Disaster or Calamity Victims Year 2026/70 with a limit of 50,000 Baht per person.
•The Emergency Expenditure Loan Project features 0% interest for the first 6 months, then MRR (currently 6.575%) from the 7th month onwards.
•BAAC introduced the Recovery and Quality of Life Development Loan for Natural Disaster or Calamity Victims with a limit of 500,000 Baht per person.
•The Recovery and Quality of Life Development Loan has an interest rate of MRR-2 per year and a repayment period within 15 years.
•BAAC will send officials to survey damage to residences, assets, and agricultural areas after the water recedes to consider further debt burden reduction.
•Affected BAAC customers can express interest in the loans starting now at their respective BAAC branch or via the BAAC Contact Center.

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Key Entities

Organization

BAAC(ธ.ก.ส.)ℹ️

The Bank for Agriculture and Agricultural Cooperatives providing financial aid and relief to flood-affected farmers.

Place

Nan Province(จังหวัดน่าน)ℹ️

The area where sudden flooding has occurred, impacting farmers and residents.

Policy

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

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

Recovery and Quality of Life Development Loan for Natural Disaster or Calamity Victims(โครงการสินเชื่อฟื้นฟูและพัฒนาคุณภาพชีวิตสำหรับเกษตรกรลูกค้า ผู้ประสบภัยธรรมชาติหรือภัยพิบัติ)

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

Person

Mr. Chatchai Sirilai(นายฉัตรชัย ศิริไล)

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