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Thailand plans to recover agriculture

Thailand is set to launch an agricultural rehabilitation scheme worth 310 billion baht (about 10 billion USD) in June to help 2 million people who lost jobs and returned to their hometowns.
Thailand plans to recover agriculture ảnh 1Thailand's farming rehabilitation scheme aims to increase the incomes of 300,000 farmers. (Source: Bangkok Post)

Bangkok (VNA) – Thailand is set tolaunch an agricultural rehabilitation scheme worth 310 billion baht (about 10billion USD) in June to help 2 million people who lost jobs and returned to theirhometowns.

Local media on June 25 quoted Deputy PrimeMinister Somkid Jatusripitak as saying all projects related to economicrehabilitation must be implemented by July.

The state-owned Bank for Agriculture andAgricultural Cooperatives (BAAC) will offer 40 billion baht in loans with aninterest rate of 0.01 percent to small- and medium-sized enterprises (SMEs) inthe farming sector to create a supply chain.

The loans are expected to create 10,000-20,000SMEs,he said, adding that the Thai government plans to spare 22 billion baht tofinance half of the investment for farming SMEs.

The farming rehabilitation scheme aims toincrease the incomes of 300,000 farmers, training 200,000 new farm workers withtechnology and marketing knowledge in the sector, and supporting 16,000 farmingcommunities and 7,255 agricultural cooperatives and institutions./.
VNA
# agricultural rehabilitation scheme#Deputy Prime Minister Somkid Jatusripitak#Bank for Agriculture and Agricultural Cooperatives (BAAC)#Vietnamplus#Vietnam News Agency
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