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Regarding the government’s financial aid of 5,000 baht per farm household for three months, the Bank for Agriculture and Agricultural Cooperatives (BAAC) is now ready to transfer the cash subsidy to 10 million registered farmers, who have been affected by COVID-19.
The BAAC President, Apirom Sukprasert, explained the process behind the 5,000-baht cash handout scheme. Once the BAAC receives verified information about the 10 million registered farmers from the Ministry of Agriculture and Cooperatives, the bank will transfer 5,000 baht to their bank accounts for three months, starting May 15 this year.
About 1 million farmers will receive the financial assistance per day.
Farmers who already have a bank account with the BAAC do not need to open another account, while those without a BAAC account can provide their financial information at เยียวยาเกษตรกร.com, starting May 7.
Eligible recipients include farmers who have registered with the Department of Agricultural Extension, the Department of Fisheries and the Department of Livestock Development, as well as newly registered farmers.
However, they must not be associated with the government’s 5,000-baht cash handout for workers affected by the COVID-19 crisis.
The post Thailand to pay 5,000 baht compensation to 10 million farmers appeared first on Thailand Business News.