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Cabinet approves debt suspension for farmers

A farmer shows harvested rice in Khon Kaen province. (Photo: Karnjana Ayuwatanachai)

The cabinet has approved a debt suspension plan for farmers, a deputy minister of finance said on Tuesday.

The suspension will last three years and will cost the government 11 billion baht (US$302.78 million), Julapun Amornvivat told reporters.

The suspension will begin on Oct 1, Mr Julapun said, adding that farmers would also be allowed to borrow up to 100,000 baht each from the Bank…

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