PHAYAO, 10 Feb 2015, Phayao Province will quickly process requests for soft loan of no more than 100,000 baht for each of the para rubber planters, while informing the local administration to clearly clarify the conditions of the loan to the farmers.
56 million baht worth of soft loan has been approved for qualified para rubber planters. The project is part of the government’s efforts to help latex producers who have been suffering from rubber price drop.
According to Phayao Administration Office, 963 planters have requested for the loan, but only 560 of them are eligible for the funds. The remaining requests have been denied because the amount requested are in excess of what the campaign is offering.
Most of the rubber growers would use the loan to invest on raising livestock and planting vegetables.
