The Rural Development Bank said all loans disbursed under the emergency fund since last October will be repaid in time.
The RDB disbursed over $170 million in loans to the agriculture industry last year.
The RDB is ready to provide loans to vegetable producing communities.
Rural Development Bank to request an additional $50 million for agriculture.
Rice millers in need of capital can now apply for government emergency loans, according to the Rural Development Bank (RBD), the institution in charge of disbursing the loans.
The Rural Development Bank (RDB) says it discussed with the World Bank the implementation of a $100-million, country-wide agricultural diversification programme.
Two new rice-storing facilities in Battambang are officially launched.
The government is encouraging farmers to start planting a variety of fragrant rice known as ‘Sen Kro Ob’, which was named best rice in the Kingdom last year.
Rural Development Bank, a state-run financial institution, is calling on farmers to come together to form agricultural communities to gain access to cheaper credit, technical support and training.
Half of public funds disbursed as loans to aid the ailing rice sector has been repaid.
The rice storage facilities funded by the government will be ready within a month.
More loans will be disbursed because harvest season is now beginning.
The second call comes after only four rice millers applied in the first call which had a deadline last week.
The state-owned Rural Development Bank is announcing it will rebrand as the Agriculture Development Bank.
The government is preparing short-term emergency loans for rice millers to bolster paddy prices for farmers.