Modern Agriculture Project
The Bank considers the agricultural sector to be an important source of food, jobs and income for the country. We have therefore continually supported farmers and agricultural businesses by providing various financial services including loans, so that they can produce quality high-value-added products to meet market demand. Moreover, our modern agriculture team works closely with experts, modern farmers and government officers to provide knowledge on production, marketing, value-added creation, and energy management to reduce greenhouse gas emissions. Through longstanding dedication and initiatives which extend over many decades, a large number of customers who have joined the program have satisfactorily enhanced their capabilities and proven that farming is an occupation that can generate income comparable to other careers.
During the Covid-19 situation, we encouraged a melon farmer to adjust their business model from a traditional focus on selling products to a modern trade businesses selling via online channels, diversifying the melon farm into an agrotourism business to generate additional income. We also provided soft loans to its customers under the BOT’s policy. Moreover, we provided a Bualuang Green Loan to pig farmers to build biomass facilities to manage farm waste and to reduce electricity costs and methane emissions, as well as to a chicken farmer to install solar panels on rooftops. The Bank’s outstanding agricultural loans totaled more than 25 billion baht at the end of 2021.