Government offers 10-billion-baht loan credits to rubber operators

0
261

BANGKOK, 23 Feb 2015, The Industry Ministry reported that the 10-billion-baht loan project extended by the government to latex processing operators during November 2014 to April 2015 has received warm response. 

Permanent-Secretary Atchaka Seeboonrueng explained that the loan carries an interest rate of 5%, of which 3% will be paid by the Government throughout the 1-year repayment period.

According to Ms. Atchaka, 41 entrepreneurs have already applied for the loan offered through various commercial banks from November 19th last year to January 30th this year. They requested a total loan of 5.2 billion baht.

Twelve of the entrepreneurs have already received their loans, worth 684 million baht altogether. Sixteen other applicants have been granted approval and are waiting to sign loan agreements with their banks. Thirteen others are in the process of loan negotiation.