http://www.nationmultimedia.com/2011...-30149484.html
New agency to provide land to farmers
By The Nation
Published on February 25, 2011
A new institute meant to provide land to landless farmers through soft loans was officially established yesterday, right after the executive decree proposing it was approved.
The socalled Land Bank Administration Institute (Labai), which will be run as a public organisation, will provide stateowned land to 30,000 households in the first three years under a Bt4.75 billion budget.
The land plots include those acquired or repossessed by the Thai Asset Management Corporation, and the ones initially available are in Chiang Mai and Lamphun.
In the first five years, Labai will slowly be transformed into a fully legal entity with more authority to be granted under two other executive decrees, which are currently being considered. Labai will operate as an auxiliary agency that supports existing bodies such as the Land Reform Commission, the Land Department and the Cooperative Promotion Department.
The government committee chaired by Deputy Prime Minister Trairong Suwankhiri that approved the establishment of Labai, also approved the recruitment of 400 members of staff at the Social Security Office in order to accommodate the estimated 2.4 million additional beneficiaries.