฿81.2Bn set aside to guarantee prices of 2022-2023 rice crops

23 Sept 03:55 Key points summarised by AI

The Thai government approved 81.2 billion baht for the 2022-23 rice crop price guarantee scheme, targeting 7.5 million tonnes in exports next year.
Funds are distributed across several projects, including 7.4 billion baht for price stabilization and 7.1 billion baht in credits to encourage farmers to store 2.5 million tonnes of paddy.
A significant 18.7 billion baht will cover the difference between market and guaranteed prices, benefiting approximately 4.6 million farming households.
The largest allocation, 55 billion baht, is dedicated to managing and developing rice quality for 4.68 million farming households, providing up to 20,000 baht per household.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.