BAAC provides emergency loans and aid for Nan flood victims

Matichon•Economy•5d ago

Reader Briefing

The Bank for Agriculture and Agricultural Cooperatives (BAAC) has launched emergency financial aid and relief measures for farmers affected by flash floods in Nan Province.

•BAAC is providing emergency loans with 0% interest for the first 6 months to affected customers.
•Relief efforts include the distribution of survival bags, drinking water, and food boxes in Nan Province.
•BAAC offers a recovery loan of up to 500,000 Baht per person with an interest rate of MRR-2 per year.
•Official damage surveys will be conducted by BAAC staff after the floodwaters recede.

Overview

•On August 21, the Bank for Agriculture and Agricultural Cooperatives (BAAC) announced aid measures for flash flood victims in Nan Province.
•The Bank for Agriculture and Agricultural Cooperatives (BAAC) distributed survival bags, drinking water, and food boxes to those affected by the disaster.
•The Bank for Agriculture and Agricultural Cooperatives (BAAC) provides emergency loans for the 2026/70 period with a maximum limit of 50,000 Baht per person.
•Emergency loans from the Bank for Agriculture and Agricultural Cooperatives (BAAC) feature 0% interest for the first 6 months, transitioning to the MRR rate from the 7th month onwards.
•The Bank for Agriculture and Agricultural Cooperatives (BAAC) offers recovery loans for farmers with a limit of 500,000 Baht per person at an interest rate of MRR-2 per year.
•Chatchai Sirilai, Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC), stated the bank is ready to stand by farmers to alleviate hardship.
•The Bank for Agriculture and Agricultural Cooperatives (BAAC) will deploy officials to survey damage to housing, assets, and agricultural areas after the water recedes to consider further debt reduction.

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Key Entities

Organization

Bank for Agriculture and Agricultural Cooperatives(ธนาคารเพื่อการเกษตรและสหกรณ์การเกษตร)

A financial institution providing emergency loans and relief aid to farmers affected by floods in Nan Province.

BAAC(ธ.ก.ส.)ℹ️

Abbreviation for the Bank for Agriculture and Agricultural Cooperatives.

Place

Nan Province(จังหวัดน่าน)ℹ️

The area where flash floods occurred, affecting the lives and livelihoods of farmers.

Person

Chatchai Sirilai(นายฉัตรชัย ศิริไล)

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

Policy

Emergency Loan Project for Customers Affected by Natural Disasters or Catastrophes Year 2026/70(โครงการสินเชื่อเพื่อเป็นค่าใช้จ่ายฉุกเฉินให้แก่ลูกค้าผู้ประสบภัยธรรมชาติหรือภัยพิบัติ ปี 2569/70)

A credit program providing loans up to 50,000 Baht with 0% interest for the first 6 months.