BAAC says payments under rice growers’ assistance scheme halfway complete

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BANGKOK, 6 December 2014 – The Bank for Agriculture and Agricultural Cooperatives (BAAC) has indicated that the assistance money scheme for rice growers is about halfway complete, with 2.25 million rice growers having already been paid.

Supat Eauchai, executive vice president of the BAAC, revealed that the bank is currently making payments to about 100,000 rice growers per day, and is disbursing about 1.2 billion baht per day under the scheme. Up until Thursday, 23.8 billion baht has been paid to 2.25 million eligible rice growers. He said the payment is about halfway done and almost all farmers will likely be paid by December 20, although this would not be the case for the South because the planting season arrives later than in other regions.

A total of 3.49 million rice growers are to be paid under the assistance scheme that provides eligible farmers with 1,000 baht of cash per rai of paddy they work on, up to a maximum of 15,000 baht per receiver.