BANGKOK, 8 July 2015- The Bank of Agriculture and Agricultural Cooperatives (BAAC) is joining hands with Bangchak Petroleum Plc. to launch a campaign aimed at helping lesson farmers’ financial burden.
Bangchak Petroleum Plc is offering holders of BAAC farmer credit cards a discount of 30 satang per liter on its petrol at all 540 Bangchak stations across the country. A limit of 100,000 baht is allowed for each card owner.
According to BAAC President Luck Wajananawat, the project is aimed at giving farmers access to quality and affordable farming materials to cut production costs. The campaign is expected to raise farmers’ consumption of Bangchak petrol from five million liters to seven million liters in the next six months.
The BAAC started the farmer credit card project in 2012 to enable farmers to purchase fertilizers, seeds and fuel on credit. Around 4.2 million agriculturists have taken part in the project so far. Bangchak’s discount campaign will run from today until December 31, 2015.