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Farmers to be paid from tomorrow

Posted by pakin On May - 25 - 2014 ADD COMMENTS

The National Council for Peace and Order (NCPO) has instructed the Finance Ministry and Bank for Agriculture and Agricultural Cooperatives to give about 92 billion baht to more than 800,000 farmers who have not been paid for their rice under the previous government’s rice-pledging scheme in one month from tomorrow, Col Nathawat Chancharoen, NCPO deputy spokesman, said on Sunday.

Col Nathawat was speaking after a meeting of the NCPO’s economic affairs section under the supervision of ACM Prajin Jantong, the air force chief, with economic agencies concerned.

The most urgent economic issue raised for discussion was the outstanding payment to be made to farmers who have mortgaged rice with the government but have not been paid, he said.

Col Nathawat said the farmers would initially be paid with about 40 billion baht available from the Commerce Ministry and later with another 50 billion baht to be acquired on loans from a financial institution inside the country.

The 800,000 farmers would all be paid in one month starting tomorrow. The money would be paid at various army and air force units in various parts of the country, he said.

Somchart Soithong, director-general of the Internal Trade Department, quoted ACM Prajin as saying that the Finance Ministry would be responsible for the loan repayment.

ACM Prajin also wanted all agencies concerned to take measures to quickly solve the problem of the low price of rice, he said.

Mr Somchart said the meeting also discussed a plan for the NCPO to prepare the 2015 national expenditure budget to be disbursed from Oct 1.