Cabinet pilots “100 billion cows”

Phayao Province, The Cabinet supports the "One hundred thousand million cow" pilot project, hoping to generate income for village fund members of 240,000 baht per household, bringing in the BAAC and Government Savings Bank to join in lending. Mr. Chai Watcharong, spokesman for the Prime Minister's Office, revealed that the Cabinet meeting Agreeing on the principles of the "Ko Saen Lan" project, assigned the National Village and Urban Community Fund Office (NHB) to set up a working group to allow villagers to participate both. Occupation in production and processing, the pilot project "Kho 100,000 Million" under the credit limit of financial institutions, a limit of 5,000 million baht, provides loans to the Village Fund. For village fund members Loan for 100,000 households to raise cattle, 50,000 baht each, receive advice on raising cattle from the Department of Livestock Development. and the state provides markets to support Hoping to generate income per household of 240,000 baht per household from a cost of 50,000 baht or 4.8 times over a period of 5 years (2 cows, average price of 25,000 baht per cow, generating income of not less than 120,000 baht per cow), targeting the target group Village Fund Have a good history of borrowing money and making payments. They had borrowed money from BAAC, Government Savings Bank or other banks and were able to repay the debt. Use a credit line from the government bank of 5,000 million baht. Target groups and financial limits for village funds Village Fund Set project goals for Village Fund members. Loan for cattle raising for 100,000 households, 50,000 baht per household, carried out by village fund members. who wish to join the project Report your intentions to the Village Fund Committee. Create additional income Reduce poverty of Village Fund members by at least 120,000 baht in 5 years per 1 cow. Source: Thai News Agency