A farmer sprays paddy seeds in a rice field in Chainat province, Thailand, Aug 31, 2023. REUTERS/Athit Perawongmetha/file photo
BANGKOK -Thailands cabinet has approved a plan to suspend debt repayments for millions of farmers for three years at a total cost of about 33 billion baht ($908 million) to the government, a deputy finance minister said on Tuesday.
The suspension of both the principal and interest payments will begin on Oct. 1, Julapun Amornvivat told reporters, adding that farmers who have kept up with interest payments would also be allowed to borrow up to 100,000 baht from the state-owned Bank for Agriculture and Agricultural Cooperatives.
The aim of the measure is to help ease the burdens of farmers so …
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