Govt Plans 400B Baht Loan for Farmers, Urges Ministry Departments for Schemes

Thansettakij•Economy•23d ago

Reader Briefing

Thai Ministry of Agriculture and Cooperatives is speeding up the development of plans to utilize a 400 billion baht loan aimed at assisting farmers.

•Minister of Agriculture and Cooperatives Suriyya Therefore Rueangruengkit is overseeing the preparation of plans.
•The government has approved a royal decree for the Ministry of Finance to borrow 400 billion baht.
•The funds will be used to support farmers in areas of production, cost reduction, and income increase.

Overview

•Minister Suriyya Therefore Rueangruengkit announced that the Cabinet approved the draft Royal Decree authorizing the Ministry of Finance to borrow 400 billion baht.
•Minister Suriyya Therefore Rueangruengkit has instructed departments under the Ministry of Agriculture and Cooperatives to expedite consideration of the draft Royal Decree's conditions.
•The purpose of the loan is to design projects that align with the legal framework and truly address farmers' needs, focusing on maximizing benefits in production, cost reduction, and income increase.
•Minister Suriyya Therefore Rueangruengkit stated, 'Currently, I have ordered all departments to urgently consider the conditions of the Decree to design projects that are appropriate and directly address the suffering of our farmer brothers as much as possible.'
•The Ministry of Agriculture and Cooperatives will promptly compile project proposals from all agencies for government consideration.
•The goal is to accelerate the implementation of farmer assistance measures to keep pace with the current challenging economic and agricultural situation.
•The article mentions other discussions and analyses surrounding the 400 billion baht loan decree, including its potential as a buffer against the cost of living crisis and scrutiny over its usage.
•The Prime Minister has signed the Royal Decree to borrow 400 billion baht, emphasizing transparent and honest usage.

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Source: Thansettakij (Original)

Key Quotes

Suriyya Therefore Rueangruengkit

"Currently, I have ordered all departments to urgently consider the conditions of the Decree to design projects that are appropriate and directly address the suffering of our farmer brothers as much as possible."

ขณะนี้ได้สั่งการให้ทุกกรมเร่งพิจารณาเงื่อนไขของ พ.ร.ก. เพื่อออกแบบโครงการที่เหมาะสมและตรงจุดกับความเดือดร้อนของพี่น้องเกษตรกรให้มากที่สุด

Key Entities

Person

Suriyya Therefore Rueangruengkit(สุริยะ จึงรุ่งเรืองกิจ)ℹ️

Minister of Agriculture and Cooperatives, actively directing departments to plan the use of a 400 billion baht loan for farmers.

Aekniti(เอกนิติ)

An official who emphasized the purpose of the 400 billion baht loan decree as a buffer against the cost of living crisis.

Organization

Ministry of Agriculture and Cooperatives(กระทรวงเกษตรและสหกรณ์)ℹ️

The ministry tasked with preparing plans for the utilization of a 400 billion baht loan to support farmers.

Cabinet(คณะรัฐมนตรี)ℹ️

The governmental body that approved the draft Royal Decree to borrow 400 billion baht.

Ministry of Finance(กระทรวงการคลัง)ℹ️

The ministry authorized to borrow 400 billion baht through a Royal Decree.

Anutin Government 2(รัฐบาลอนุทิน 2)

The political administration referred to in discussions about the 400 billion baht loan decree, suggesting it's a significant policy initiative.

Law

Royal Decree to borrow 400 billion baht(พ.ร.ก. กู้เงิน 4 แสนล้านบาท)

The newly approved legislation authorizing the government to borrow 400 billion baht to support farmers and manage economic challenges.