BAAC clarifies the case of transferring income insurance for rice growers in error
BAAC clarifies the case of money transfer under the Rice Grower Income Insurance Project, the first installment of the year 2020/64 on Nov 16, is incomplete or exceeds the actual amount. From the error of alternating rice types, the calculations were wrong Ready to expedite the transfer to complete the amount on November 18 and clarify to understand the customer to retrieve the excess money back
Mr. Somkiat Kimawha Deputy Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC) revealed that, according to BAAC, there has been a transfer of compensation for income difference under the rice farmer income insurance program for the production year 2020/64. Round 1, 1st installment, using information of farmers who registered rice growers with the Department of Agricultural Extension (Kor Sor Kor Sor), which had the 1st harvest date to 8 November 2020, directly into the farmer account on 16 November. In 2020, 786,380 persons, amounting to 8,387.06 million baht, were detected errors in the calculation of rice substitution compensation, ie rice farmers who received compensation for the difference of 1,222.36 baht per ton with Pathumthani fragrant rice received. Compensation for the difference of 1,066.96 baht per ton, therefore, 409,917 farmers who grow rice and fragrant Pathumthani rice do not receive the correct amount.
However, the BAAC has expedited the amendment by transferring additional funds to farmers in the full amount within November 18, 2020 and assigning local branches to clarify and understand farmers in the event that the excess money has to be recovered. From the rice grower’s deposit account in Pathum Thani on November 17, 2020, farmers can check the transfer information via the BAAC A-Mobile application 24 hours a day or at the BAAC. Sat all branches nationwide And there will be a message to alert money to and from the account via LINE Official BAAC Family, in case farmers customers apply for BAAC Connect service.
