Banks offer loans for rice scheme

Several commercial banks have expressed interest in providing loans to the caretaker government to pay farmers for their pledged rice, caretaker Finance Minister Kittiratt Na Ranong said on Tuesday.

The government is ready to sign the loan agreements immediately once the banks propose suitable lending rates, he said.

After the signing of loan agreements, farmers with invoices for pledged rice would receive the full amount of payments owed them as stated in their invoices, he said.

Mr Kittiratt asked rice growers suffering because of the delayed payments to understand the difficulties faced by the government. He insisted that the government has every intention to help farmers.

The minister said both the Election Commission and the Council of State had agreed that the caretaker administration has the authority to acquire loans for its rice scheme and that it would not be a violation of the Article 181 of the charter.

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