26 June – “It's a hopeful revolving fund. and an important source of dependence for farmers and the poor who are likely to lose their land or residence and managed effectively.”
Current reality One of the reasons that land will fall from the hands of farmers to other people. In addition to distribution, it is seizure from creditors Whether it's informal debt or financial institution debt where farmers mortgage their land or sell it on consignment or have creditors seize it as collateral according to the loan agreement to bring money to invest in a career Including daily expenses but cannot use the money to pay off the debt as scheduled Therefore tend to lose ownership of their own land is inevitable. These problems have been occurring for a long time in Thai society.
Therefore, to say that the Farmers and Poor Loan Revolving Fund (TGO) is a revolving fund that is a hope and an important source of refuge for farmers and the poor who have the opportunity to lose their land or residence. It would not be an exaggeration to say that over the past 32 years, the Revolving Fund for Farmers and the Poor Approved disbursement of loans to farmers and the poor across the country. totaling more than 8.8 trillion baht, with the total amount of land helping to prevent creditors from seizing more than 316,456 rai
Get to know the Revolving Fund for Loaning Farmers and the Poor (TGO)
Regulations of the Prime Minister's Office Regarding the Revolving Fund for Loan to Farmers and the Poor, B.E. 2546 to establish a revolving fund for loans to farmers and the poor. in the Office of the Permanent Secretary, Ministry of Agriculture and Cooperatives Overall, working capital helps farmers and the poor. Revolving fund to relieve poor farmers' debts and a revolving fund to help farmers and the poor with debt and land together.
With two main objectives:
1. To provide loans to farmers and the poor. In the following cases:
1.1 To encourage farmers to have their own land and improve land quality. However, it must be a specific problem that the Board deems to be urgent.
1.2 To be a capital for the occupation of the borrower to have a higher income.
1.3 To redeem or redeem land from a sale or mortgage when there are circumstances that the right or The ownership of the land will eventually fall to the creditors or other people.
1.4 To pay off debt under the loan agreement. which the borrower has brought the land or the land rights document to the creditor to hold as collateral before or during the loan agreement When there is a circumstance that the right or ownership of the land will eventually fall to the creditor or other person
. mortgage or loan
1.6 To purchase land according to the right of the law on land lease for agriculture
2. Provide financial assistance to farmers and the poor in disputes regarding land ownership or leasehold rights. and other expenses in litigation
The target groups of the Farmer and Poor Loan Revolving Fund (TGO) are farmers and the poor, according to the Prime Minister's Regulation on Assisting Farmers and the Poor, 1985, the term "farmers" means those who Occupation: Farming, gardening, salt farming, animal husbandry, or other agricultural occupations as determined by the Committee to Help Farmers and the Poor (NorKhorKhor.) As for the word "poor" means those who do not have sufficient assets and are in a state of who are unable to help themselves or having a net income of not more than 87,000 baht per year and having no land for farming or living or having but not enough or having no other assets sufficient for debt repayment
In operations to help farmers and the poor with debt and arable land. There is an operation in the form of a sub-committee for the management of the Revolving Fund for Farmers and the Poor (TGO). The Revolving Fund for Farmers and the Poor (Provincial Office) and the Revolving Fund for Loaning Farmers and the Poor (TGO). The district has the power to approve loan applications in the following amounts
. Fund in the amount not exceeding 2,500,000 baht for those who domiciled in Bangkok, every amount
2. Revolving Fund for Loan Farmers and the Poor (TGO) Provincial has the power to approve requests for fund loans in the amount of 300,000 - 2,500,000 baht.
3. The Revolving Fund for Loaning Farmers and the Poor (TGO), the district has the power to approve requests for loans from the fund in the amount not exceeding 300,000 baht.
As for the assistance, it is divided into 3 cases:
Case 1: Requesting a loan To relieve debt or buy land back
Case 2 Requesting a loan to buy land for rent.
Case 3: requesting a loan for occupation
Important contributions of the Farmer and Poor Loan Revolving Fund (TGO)
From January 1, 1991 to April 30, 2023, the Farmer and Poor Loan Revolving Fund (TGO) has approved disbursement. Paying loans to the Revolving Fund for loans to farmers and the poor across the country, a total of 36,097 people, totaling more than 8,826 trillion baht, and amounting to 316,456 rai 2 ngan 29.9 square wa of land, classified by region as shown in the picture
.
While the balance of the Revolving Fund for loans to farmers and the poor as of April 30, 2023, stood at more than 189 trillion baht.
However, in the past It was found that some debtors of the Revolving Fund for Loan to Farmers and the Poor (TGO) had problems in debt repayment. including debt restructuring as appropriate
This is to preserve the land for farming. or for living for farmers and the poor without allowing it to belong to another person and rehabilitating, strengthening the career Including encouraging farmers to have their own land for farming and improving the quality of land that is an immediate problem.
which if anyone is having problems and need help in that way You can contact for assistance at Rights Protection Prosecutor's Office and the district agricultural office near home Or contact the central office of the Revolving Fund for Loan to Farmers and the Poor. Office of Fund Management to Help Farmers and Complaints Office of the Permanent Secretary, Ministry of Agriculture and Cooperatives Phone number 02-280-7750 or 02-280-7753 .
Source: Thai News Agency