PM Launches Shared-Interest Farm Loan Program
The Prime Minister launched a shared-interest farm loan program offering farmers 3% interest rates with government subsidizing the remainder, while providing training and support for sustainable agricultural practices nationwide.
Prime Minister Anupong Paojinda presided over the launch of a shared-interest loan program designed to reduce agricultural production costs on July 3, 2026, at the Bank for Agriculture and Agricultural Cooperatives (BAAC) in Bang Baan District, Ayutthaya. The program represents more than simple lending—it opens pathways for farmers to access low-interest capital, purchase quality inputs, and develop management skills through training workshops.
Under the scheme, participating farmers pay 3% interest while the government covers the remaining 3% of the 6% rate, directly reducing production costs and enabling increased yields. The prime minister emphasized that the government is implementing multiple supporting measures, including promoting soil-appropriate fertilizer use, agricultural technology adoption, drone applications, and high-yield crop varieties suited to climate conditions.
The initiative reflects a broader strategy to strengthen Thailand's agricultural sector sustainably. Rather than simply distributing aid, the government is providing farmers with quality tools and knowledge to manage operations efficiently. The PM highlighted that this investment in agriculture, combined with infrastructure development, aims to ensure farmers nationwide can reduce costs, increase income, and improve their livelihoods in the long term.
