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“Sor Por Kor” 4-01 land certificates to be converted into land title deeds for farmers

“Sor Por Kor” 4-01 land certificates to be converted into land title deeds for farmers

23 Sept 05:18 Key points summarised by AI
  • The Land Reform for Agriculture Committee approved converting Sor Por Kor 4-01 land certificates into full land title deeds, significantly enhancing farmers' asset value.
  • These new land title deeds can be used as collateral for loans from both state and commercial banks, expanding financial access beyond the previously limited state-owned bank.
  • Strict conditions apply: the land must be used for agricultural purposes and can only be sold to other qualified farmers, with eligibility requiring at least five years of prior agricultural use.
  • Approximately 1.6 million farmers, holding about 2.2 million certificates, are eligible for this conversion, with the first deeds slated for distribution by January 15th.
  • Additional support includes a 22.5 million baht fund to trace heirs for inheritance claims and new low-interest loans (interest-free for the first year) for farmers indebted to the Land Reform Fund up to 300,000 baht.
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