Thread: Prime Minister to launch Credit Cards for northeastern farmers

Prime Minister to launch Credit Cards for north-eastern farmers
Sirinthip Sitabutr

BANGKOK, 29 July 2012 (NNT) – The mobile cabinet meeting in Surin during July 29-30 will focus on development projects in eight lower north-eastern provinces. It will also be an opportunity for the government to distribute credit cards to farmers, one of the major campaign promises that the Pheu Thai Party made to win the election last July.

Prime Minister Yingluck Shinawatra said members of the Cabinet have been asked to make field visits ahead of the meeting and work with the provincial governors involved as well as the private sector to ensure smooth execution of priority development projects. The eight provinces targeted by the Cabinet are Surin, Buriram, Si Sa Ket, Ubon Ratchathani, Nakhon Ratchasima, Chaiyaphum, Amnat Charoen and Yasothon.

Ms. Yingluck said the government’s urgent policy is to distribute credit cards to farmers which they can use to buy agricultural factors such as fertilizers, plant seeds or pesticides from stores registered with the Bank for Agriculture and Agricultural Cooperatives. Farmer representatives from 19 north-eastern provinces will receive the cards at a ceremony to be held in Surin Province.

Meanwhile, Surin’s Chamber of Commerce has prepared to ask the Cabinet to support the province with transport infrastructure, promote border trade and develop more water sources. Mr. Kriangsak Palikupt, president of the Surin Chamber of Commerce, said the province is famous for its Hom Mali fragrant rice and needs to have reliable water supply.

The province will also urge the government to support its project to bring back local elephants roaming for money with their mahouts in major cities. Surin is a well-known elephant habitat and organizes a yearly elephant round-up that brings a lot of tourists.

thainews.prd.go.th

What a brilliant idea.

Are these cards interest free?

The BAAC already loans the money to the farmers every year, so are the farmers not going to get cash on the loans, it seems suspect where are the farmers going to buy there products, presently they can get there stuff on credit and then pay at the harvest.

To many questions and no information.

The BAAC already has biilions of baht worth of Chanotes, and i believe its been making it harder for farmers to get loans which is not a bad thing, the loan sharks where we are have been having a field day.

Did she tell them that they have to pay the money back?

Google Translate
prime Minister has launched a credit card farmers.

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The Prime Minister presided over the opening of agricultural credit programs. With the Northeast farmers. To increase investment in agriculture. And ensure that farmers do not make monetary and fiscal discipline. The card only to purchase raw materials only.
Mr. Prime Minister, with the appearance of coming to the mill to Agricultural Cooperative Bank for Agriculture and Marketing. Wisai district. Calendar. The chairman of the launch. 'Credit card projects, farmers' representatives to the Northeast and 19 farmers by the government and credit cards Mock up farmers to farm more font with an open spot in television advertising. The farm loan programs, "ฉeai farming" and watch a demonstration of the credit card to purchase farm inputs through the terminal EDC.
Credit card for farmers. A project by the government. So that farmers can get loans with convenience. The amount for the cost of procurement of agricultural inputs such as seeds, fertilizer and herbicide, Fri evening service the plant. BAAC and Co., a smart card system, farmers' loans. Current delivered to the farmers and 39,483 tickets are available through the service shops in the area 38 of the font. Farmers to buy inputs through to 6742 and the BAAC has a policy issued to the members of the cooperative farmers and agricultural. Members of community funds. Community enterprise. The farmers generally. The plan will build on a credit card. For the purchase of all types in the future.
The format of the card. The limit of 70 percent of output to be sold. No interest will be the first 5 months after a special interest in MR was 7 percent to be paid soon. And the discount will amount to. The future expansion in other species.
The Prime Minister said the government's solution to the people in the northeast of the subject. The credit card program to solve the problem of lack of funds. This will allow people to have a career. And reduce the interest burden that will not upset the financial discipline. This card can only be purchased inputs only.
Prime Minister of the Center for complaint. Meet the farmers and all those engaged in agricultural areas of Intellectual Property applied. And visit the mill to the farmers market customers' BAAC and the briefing of the value chain (value chain) and watch a group of agricultural products, respectively.

by. Pukwipa.

Originally Posted by Fabian

What a brilliant idea.

Indeed.
Can't have enough access to a destructive lifestyle, can we?

Originally Posted by Gerbil

1. Cards will be issued. 2. Farmers will use cards to buy 'agricultural goods' from the approved stores. 3. Farmers will sell 'agricultural goods' to un-approved stores at below market rates for cash. 4. Farmers will use cash to buy mobile phones, motorbikes, etc. 5. Farmers will ignore repayment requests. 6. BAAC will (after around a year) start sending threatening letters to Farmers. 7. Farmers will stage protests, block roads, etc. demanding a 'debt moratorium' 8. Government will give in and let them off repayments for 3-5 years - in reality those repayments will never be collected. 9. Farmers will demand more loans.

That's exactly what will most likely happen. Banks are sneaky fuckers, but no match for Thais

Well where I am the nearest place that takes credit cards is Tesco/Lotus and that's 70 km away. Don't think there is much need of the plastic fantastic around here.
Only a few have bank accounts, an other ploy to get people into the western system so that tax can be got at a later date. Jim

James they all have accounts i bet, BAAC but not any money in there only there chanotes.

Think your point about Tax, could well be true.

I have been saying for sometime the Banks are going to go for the land of the farmers, in the not to distant future, if the country folks want a equal footing something they have to come to terms with.

Maybe they can connect the credit card's computers to the vote tabulation computers and give these Red Shirt monkeys a credit to their account balances for voting PTP. Much more efficient and modern than passing out cash or cheap tablets.

You may find not all Farming communities are red shirts.

Originally Posted by Yasojack

James they all have accounts i bet, BAAC but not any money in there only there chanotes.

Think your point about Tax, could well be true.

I have been saying for sometime the Banks are going to go for the land of the farmers, in the not to distant future, if the country folks want a equal footing something they have to come to terms with.

No charnots out here, all land is still crown land, it will be many years before the survey people venture in to try and sort out who owns what,
Only people with bank accounts are those who have bought cars on the never never. Still very remote up this way and the longer it takes the world to find us the better I like it. Jim

Originally Posted by Gerbil

Farmers will use cash to buy mobile phones, motorbikes, etc.

This one regularly pops up on TD. Why is that so many people on this forum have such a chip on their shoulder about small businesses spending money on communications and transport? Seems like a good idea to me.

Sounds like a smart way to get around Election bribery laws if you ask me.

Originally Posted by DrB0b

Originally Posted by jamescollister

Well where I am the nearest place that takes credit cards is Tesco/Lotus and that's 70 km away. Don't think there is much need of the plastic fantastic around here.

The farm credit cards aren't meant to be used in places like that. The cards can only be used at BAAC affiliates, they are not general purpose credit cards - as credit cards they can only be used to buy fuel and farm supplies. The main purpose of these cards is to help farmers break away from the extortionate interest-rates on credit granted by local suppliers of fuel and agricultural supplies. In other words, to help farmers stay out of the hands of loan sharks. The cards provide 30 days interest free credit with a fixed 7% interest rate after that. Holders will also qualify for small instant loans of up to B10,000 Baht and longer-term loans of up 70% of the anticipated value of their harvest. The card-holders will also get free life insurance.

Wasn't saying that they were for shopping, just that outside of the bank and 7/11s cash machines there are no card readers in these parts. Think we need telephone lines first. The nearest bank is almost 30 km.
They have assess to the farmers bank for short and longer term loans at low interests now. Giving out a plastic card, to me seems just another way of roping people into a western credit system.
Just like the free electricity scheme, let them have free power for a few lights. Next comes the TV etc and they are hooked and the bills follow. Jim

Originally Posted by DrB0b

Why is that so many people on this forum have such a chip on their shoulder about small businesses spending money on communications and transport? Seems like a good idea to me.

nothing wrong per se if we are talking base models, but sadly, they usually are being used for models they can't afford

On another tack, I will assume that the cards will be issued through one one more banks. Now farmer Joes all over are carrying a bank card/credit card.
Farmer rocks up with his crop to sell, today gets cash in hand. Tomorrow money is deposited in his nice shinny new credit card come bank account. same reasons as the west went from pay packets to direct deposits, moving large amounts of cash is dangerous and costly.
Next the transaction taxes come in and as they know the income of farmer Joe, when he earns enough the 15% agriculture tax kicks in.
One day you wake up and people paying for things in cash have gone. Jim

Originally Posted by Yasojack

You may find not all Farming communities are red shirts.

Better chance that most farming circles aren't that politically ravaged...
Indifferent.

The perpetuated myth that the "rural rebellion" is highly active is comical at best.

Originally Posted by DrB0b

Originally Posted by jamescollister

On another tack, I will assume that the cards will be issued through one one more banks.

No. They will only be issued by the Bank of Agricultural Credit and Commerce. It's already been explained to you, just three posts before, how these cards work. Do you have difficulty reading or do you just find your own fantasies utterly compelling? Look, this is a wired world, I know you have a computer, why on earth don't you actually make an effort to find out about how these cards work (none of it is secret, it's all on the net - you don't have to assume anything) instead of posting your deluded, imaginary nonsense? No doubt you're going to get all upset now and claim to have been insulted but, for fucks sake, it's already been explained clearly to you and you've obviously made no effort yourself to find out how these things work.

Don't think I will get all bent out of shape over it.
I am a farmer in Thailand [ Google name ] and I have seen schemes set up by the Government over the years, all have had good sounding ideas and all where for alternative motives.
What you read on the net is PR, to believe what you read is one thing, but what the reality is is another.
By all means please respond and tell me, who you are and what dealings you in fact have with farming in Thailand, such as have attended Government/ farmer meetings etc
If you can not I will take it you are another arm chair expert, sitting in a small room in the UK. Jim

Thais just look at credit cards as free money when it's full they move on to another way of funding their lifestyle/habits.

As for the one miiiion to a village ..

Piss up, new pic up, n mobiles.

Pay loan?. . Mai Khao Chai.

Originally Posted by DrB0b

Originally Posted by Gerbil

Farmers will use cash to buy mobile phones, motorbikes, etc.

This one regularly pops up on TD. Why is that so many people on this forum have such a chip on their shoulder about small businesses spending money on communications and transport? Seems like a good idea to me.

Peasants look more quaint on the backs of buffaloes.