Thai Government Incentives and Financial Assistance
Agricultural Credits. The main concern of economic and social development has been to make additional short-and long-term credit funds available of farmers. There are two sources of institutional credit for agriculture: the publicly-owned BAAC and the commercial banks. Expansion of agricultural credit in the past few years has increased substantially. Increased agricultural lending has resulted from the Bank of Thailand’s provision that 20 percent of total commercial bank deposits (up from five percent in 1975) be lent to farmers directly or through the BAAC. In additon, two percent of the total is to be lent to the agribusiness sector.
Industrial services. The technical assistance and training services provided by the Department of Industrial Promotion (DIP) serve to promote industrial development. DIP also have five regional centers in Chiang Mai, Khon Kaen, Songkhla, Chon Buri and Suphan Buri. The training and advisory services offered cover all aspects of industrial management, investment and joint-venture, industrial technology and industrial design.