BAAC provides emergency loans and aid for Nan flood victims

Prachachat•Economy•6d ago

Reader Briefing

BAAC implements emergency financial measures and immediate relief for flood-affected farmers in Nan Province.

•BAAC provides emergency loans up to 50,000 Baht with 0% interest for the first 6 months.
•BAAC offers recovery loans up to 500,000 Baht with MRR-2 interest per year.
•Aid is targeted at farmers and residents affected by flash floods in Nan Province.
•Immediate relief includes survival kits, drinking water, and food boxes.

Overview

•Flash floods in Nan Province have caused damage to the livelihoods, residences, assets, and agricultural areas of farmers and residents.
•Chatchai Sirilai instructed BAAC staff in the area to distribute survival kits, BAAC drinking water, and food boxes to victims in severely affected areas.
•BAAC is supporting disaster relief units in their operations.
•BAAC introduced a loan project for emergency expenses for natural disaster victims for the year 2026/70, offering up to 50,000 Baht at 0% interest for the first 6 months.
•BAAC provides a recovery and quality of life development loan for disaster-affected farmers with a limit of 500,000 Baht at MRR-2 interest per year and a 15-year repayment period.
•The current MRR rate is specified as 6.575%.
•BAAC will survey damage to residences, assets, and agricultural areas once the situation subsides to consider further assistance and debt reduction.
•Affected farmers can express their intent for assistance starting from today at their registered BAAC branch.

Full article content is available on the original source.

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Source: Prachachat (Original)

Key Quotes

Chatchai Sirilai

"BAAC asks farmers not to be anxious during this situation. BAAC is ready to provide full care and assistance."

ธ.ก.ส. ขอให้เกษตรกรอย่ากังวลใจในช่วงสถานการณ์ที่เกิดขึ้น ธ.ก.ส. พร้อมเข้าไปดูแลและช่วยเหลืออย่างเต็มที่

Key Entities

Person

Chatchai Sirilai(ฉัตรชัย ศิริไล)

Manager of the Bank for Agriculture and Agricultural Cooperatives.

Organization

BAAC(ธ.ก.ส.)ℹ️

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

Bank for Agriculture and Agricultural Cooperatives(ธนาคารเพื่อการเกษตรและสหกรณ์การเกษตร)

The financial institution providing emergency and recovery loans to farmers in Nan Province.

Place

Nan Province(จังหวัดน่าน)ℹ️

The area where flash floods occurred, affecting farmers and residents.

Policy

Loan Project for Emergency Expenses for Natural Disaster Victims 2026/70(โครงการสินเชื่อเพื่อเป็นค่าใช้จ่ายฉุกเฉินให้แก่ลูกค้าผู้ประสบภัยธรรมชาติหรือภัยพิบัติ ปี 2569/70)

An emergency credit project offering up to 50,000 Baht with 0% interest for 6 months.

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

A recovery loan offering up to 500,000 Baht at MRR-2 interest per year for repairing assets and agriculture.