G/SCM/N/401/THA  
 
10 July 2023  
(23-4647) Page: 1/11 
Committee on Subsidies and  
Countervailing Measures  Original: English  
 
SUBSIDIES  
NEW AND FULL NOTIFICATION PURSUANT TO ARTICLE XVI:1 OF   
THE GATT  1994 AND ARTICLE  25 OF THE AGREEMENT ON   
SUBSIDIES AND COUNTERVAILING MEASURES  
THAILAND  
The following communication, dated and received on 4 July 2023, is being circulated at the request 
of the delegation of Thailand.  
 
_______________  
 
 
Table of contents  
 
1   COST REDUCTION PROGRAM FOR MARINE SHRIMP PRODUCTION TO  
SUSTAINABLY INCREASE THE COMPETITIVENESS  IN THE MARINE SHRIMP  
INDUSTRY 2021  ................................ ................................ ................................ ...............  2 
2   FISHING VESSEL REMOVAL PROGRAM FOR SUSTAINABLE MARINE FISHERY 
RESOURCES MANAGEMENT, PHASE 2  ................................ ................................ ...............  3 
3   LOAN PROGRAM TO ENHANCE LIQUIDITY FOR CROCODILE FARMERS  
AND RELATED BUSINESSES  ................................ ................................ ..............................  4 
4   LIQUIDITY ENHANCEMENT PROGRAM FOR MARINE SHRIMP FARMER 2022,  
PHASE 1  ................................ ................................ ................................ ...........................  6 
5   PROGRAM FOR ALLEVIATING THE SUFFERING OF FISHERS WHOSE  
FISHING VESSELS ARE AFFECTED BY NATURAL DISASTERS.  ................................ ...........  6 
6   OCCUPATIONAL DEVELOPMENT AND STRENGTHENING OF FISHING  
COMMUNITIES PROGRAM ................................ ................................ ................................ . 8 
7   LOAN PROGRAM TO ENHANCE LIQUIDITY OF FISHERY ENTREPRENEURS,  
PHASE 1 AND PHASE 2  ................................ ................................ ................................ ..... 9 
 
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  1  COST REDUCTION PROGRAM FOR MARINE SHRIMP PRODUCTION TO SUSTAINABLY 
INCREASE THE COMPETITIVENESS IN THE MARINE SHRIMP INDUSTRY 2021  
1. Title of the subsidy program  
 
Cost reduction program for marine shrimp production to sustainably increase the competitiveness in 
the marine shrimp industry in 2021.  
 
2. Period covered by the notification  
 
The year 2021 – 2023.  
 
3. Policy objective and/or purpose of the subsidy  
 
3.1 To provide soft loans for marine shrimp farmers to install sets of solar cell systems, and 
intelligent aerator co ntrol devices and improve the farm structure in various ways to reduce 
the cost of shrimp production.  
 
3.2 To increase the competitiveness of the Thai shrimp industry throughout the production 
chain.  
 
4. Background and the authority for the subsidy  
 
Thai m arine shrimp farmers face high production costs, especially the cost of electricity, which is a 
real cost and ranked as the second highest after the cost of feeds. Cost of electricity accounts for 
about 20 % of the total cost because it is necessary to use energy to aerate and circulate the water 
in the shrimp pond. The hidden costs are losses due to disease occurrence during rearing etc.  
 
Nowadays, there are many ways to reduce the cost of electricity by using innovations and modern 
technologies. To reduce the hidden costs from the incidence of diseases, improving the structure of 
farms and shrimp ponds to prevent the accumulation of waste in the ponds are to be done. But such 
operations are quite capital intensive. The Department of Fisheries, therefore, ha s created this 
program to provide sources of low -interest loans to shrimp farmers for technology installation and 
improving the farm structure using the budget from the Mutual Funds for Assisting Farmers.  
 
Responsible agencies:  The Department of Fisheries, Bank for Agriculture and Agricultural 
Cooperatives, and the Management Committee of Mutual Funds for Assisting Farmers.  
 
5. Form of subsidy  
 
Providing soft loans: Bank for Agriculture and Agricultural Cooperatives (BAAC) provi des financing 
for small -scale shrimp farmers at the MRR interest rate per year while lending to shrimp farmers 
who are juristic persons at the MLR interest rate per year.  
 
The government compensates for the loan interest to shrimp farmers at the rate of 3 %/year from 
the date of starting the loan but not more than 5 years.  
 
6. To whom and how the subsidy is provided  
 
6.1 Provide soft loans for marine shrimp farmers (small -scale farmers/juristic persons) of 
not more than 3 million baht per person for install ing solar energy equipment systems (Solar 
cells), intelligent aerator control systems, and improving the farm structure to reduce the cost 
of shrimp production. The government compensates farmers for interest through BAAC at a 
rate of 3 % per year for a per iod of not more than 5 years.  
 
6.2 The program consists of 2 activities, namely (1) an activity to reduce electricity costs 
and (2) an activity to reduce hidden costs. The shrimp farmers who participated in the project 
can choose to perform any activity or  both activities, with the details of each activity as 
follows:  
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  (1) Activities to reduce electrical energy costs: Marine shrimp farmers install systems, 
tools, or equipment that help reduce or save electricity energy, consisting of 
3 sub-activities. Farme rs can choose at least 1 activity as follows:  
 
1. Installation of solar energy equipment system (On -Grid Solar System).  
 
2. Installation of an intelligent aerator control system.  
 
3. Installation of a small solar energy system.  
 
(2) Activities to reduce hi dden costs: Shrimp farmers reduce hidden costs through farm 
or pond restructuring which helps to increase the efficiency of marine shrimp farming, 
reduce the risk of disease, develop a farming system that is environmentally friendly 
for more efficient farm  management, consisting of 4 sub -activities. Farmers can choose 
at least 1 activity as follow:  
 
1. Laying Polyethylene sheet (PE) in the whole pond.  
 
2. Laying Polyethylene sheet (PE) in some parts of the ponds.  
 
3. Using Polyethylene sheet (PE) to make nursery ponds before stocking 
shrimp in conjunction with improving the rearing pond, such as compaction 
with laterite soil.  
 
4. Building a floating pond or a pond with a one -way water system with a 
Polyethylene sheet (PE).  
 
7. The amount of subsidies  
 
Supporting funds to compensate for the loan interest for 11 shrimp farmers who have been approved 
for credit. The estimated amount of interest compensation throughout the project period is 
1,847,357.75 baht (the interest compensation period is not over 5  years).  
 
8. Duration of the subsidy  
 
Project duration: From May 20, 2021 – May 20, 2026,  
The application period for loan applicants: Between 15 July 2021 – 30 December 2022  
 
2  FISHING VESSEL REMOVAL PROGRAM FOR SUSTAINABLE MARINE FISHERY 
RESOURCES MANAGEME NT, PHASE 2  
1. Title of the subsidy program  
 
Fishing vessel removal program for sustainable marine fishery resources management, phase 2.  
 
2. Period covered by the notification  
 
The year 2021 – 2023.  
 
3. Policy objective and/or purpose of the subsidy  
 
3.1 To manage commercial fishing fleets by balancing the number of commercial fishing 
vessels with the amount of fish that can be used sustainably.  
 
3.2 To compensate and mitigate the impacts on fishing vessel owners from government 
measures to co mbat IUU fishing.  
 
3.3 To allow fishers who cannot do fishing anymore to have the opportunity to pursue other 
occupations.  
 
3.4 To permanently remove the vessels that received compensation from the system.  
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  4. Background and the authority for the subsidy  
 
This program was established to compensate fishing vessel owners affected by government 
measures in 2015, which made them impossible to engage in fishing by providing capital to pursue 
other occupations to earn their living and alleviate their debt problem s. 
 
It also controls and manages the fleets to balance the number of commercial fishing vessels with 
the amount of fish that can be used sustainably. Fishing vessels that are removed will be 
permanently out of the fishing system. They are the remaining gro up of vessels from the 
Compensation Program for Fishing Owners Affected by the Government’s Fishing Vessel Removal 
Measure in 2015 (Phase 1).  
 
5. Form of subsidy  
 
Provide granting for compensating fishing vessel owners affected by government measures in 20 15. 
 
6. To whom and how the subsidy is provided  
 
6.1 Recipients of the subsidy  
 
The remaining fishing vessels from the Compensation Program for Fishing Owners Affected by the 
Government’s Fishing Vessel Removal Measure in 2015 (Phase 1) have passed the aud it and found 
no offense according to the fishery law. The vessel owners must not be listed on the Permanently 
Lost Vessel List (PLVL list) or have criminal records related to fishing and human trafficking which 
are considered serious crimes.  Including they  have to pass the compensation appraisal.  
 
6.2 Subsidy methods  
 
The Department of Fisheries proceeds to compensate owners of fishing vessels participating in the 
program according to the following criteria:  
 
1) First instalment: Pay 30% of the compensation amount for the cost of disassembling or 
destroying fishing vessels.  
 
2) Second instalment: Pay 70% of the compensation amount After the owners of the fishing 
vessel had finished disassembling or destroying the fishing vessel.  
 
7. The amount of  subsidies  
 
The estimated compensation budget for the 55 fishing vessels affected by government measures in 
2015 is 261,788,400 Baht, which is now being paid in instalments.  
 
8. Duration of the subsidy  
 
20 September 2022 – 31 December 2023.  
 
3  LOAN PROGRAM TO ENHANCE LIQUIDITY FOR CROCODILE FARMERS AND RELATED 
BUSINESSES  
1. Title of the subsidy program  
 
Loan program to enhance liquidity for crocodile farmers and related businesses.  
 
2. Period covered by the notification  
 
The year 2021 – 2023.  
 
3. Policy objective and/or purpose of the subsidy  
 
1. To enhance liquidity and reduce cost burden by supporting low -interest loans for crocodile 
farmers and related business operators who face business problems due to the epidemic of 
coronavirus disease 2019 (COVID -19). G/SCM/N/401/THA  
 
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  2. To reduce the number of crocodiles in the crocodile farming system in Thailand in line with 
the market demand and to prevent an oversupply of crocodile products during an economic 
downturn.  
 
4. Background and the authority for the subsidy  
 
4.1 Background  
 
Due to the COVID -19 epidemic, Thailand has experienced a sluggish economy. Tourism businesses 
halted. The trading volume of crocodile products decreased significantly because tourists are the 
main customers. From the aforementioned situation , related business operators facing problems in 
selling crocodile -derived products are unable to purchase live crocodiles to be processed as a result, 
crocodiles that have reached market size from crocodile farms cannot be sold. Crocodile farmers 
have to b ear the cost of feeds and other expenses in raising crocodiles. In addition, the processing 
costs are slaughtering, tanning, and storage. As a result, farmers and related business operators in 
the whole system faced the problem of lack of financial liquidi ty, lack of working capital for a career 
and some need to use informal credit.  
 
Therefore, in order to resolve such problems, the Ministry of Agriculture and Cooperatives should 
provide sources of low -interest loans to help operators of crocodile farming t hroughout the system 
to have liquidity in their careers during the problem of the epidemic situation of COVID -19. 
 
4.2 Supporting agencies  
 
1) Ministry of Agriculture and Cooperatives.  
2) Department of Fisheries.  
3) Bank for Agriculture and Agricultural Co operatives.  
 
5. Form of subsidy  
 
Providing soft loans: The government compensates for the loan interest on behalf of the borrower.  
 
6. To whom and how the subsidy is provided  
 
6.1 Recipients of the subsidy: crocodile farmers and related business operators 
(individual/juristic person).  
 
6.2 Subsidy methods  
 
Bank for Agriculture and Agricultural Cooperatives (BAAC) lends money to farmers who raise 
crocodiles and related business operators (individuals) at an interest rate of MRR per year, and 
crocod ile farmers and related business operators (juristic persons) at an interest rate of MLR per 
year. The government compensated the BAAC for interest on behalf of the entrepreneurs at a rate 
of 3% per year, while the entrepreneurs pay at a rate of MRR -3 or M LR-3 per year for a period of 
not more than 5 years from the date of starting the loan.  
 
A total credit line of 1,8000 million baht, divided into (1) a credit line for farmers groups crocodile 
breeders not exceeding 600 million baht and (2) a credit line f or related business operators not more 
than 1,200 million baht. The loan is scheduled to be fully repaid within 5 years from the date of 
starting the loan.  
 
7. The amount of subsidies  
 
The estimated amount of interest compensation throughout the project pe riod is not more than 
270 million baht.  
 
8. Duration of the subsidy  
 
8.1 Project implementation period: from October 2021 – September 2027.  
 
8.2 Application period for project participants: from 7 October 2021 – 30 April 2022.  
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  4  LIQUIDITY ENHANCEMENT PROGRAM FOR MARINE SHRIMP FARMER 2022, PHASE 1  
1. Title of the subsidy program  
 
Liquidity enhancement program for marine shrimp farmer 2022, phase 1 . 
 
2. Period covered by the notification  
 
The year 2021 – 2023.  
 
3. Policy objective and/or purpose of the subsidy  
 
3.1 To enhance liquidity in terms of inputs for marine shrimp farmers.  
 
3.2 To create occupational security for marine shrimp farmers.  
 
4. Background and the authority for the subsidy  
 
The trend of decreasing marine shrimp pr oduction in Thailand in the past several years brings about 
insufficient production to meet the demand of the marine shrimp industry. The Ministry of Agriculture 
and Cooperatives is aware of the problem of the marine shrimp industry which is a main busines s of 
Thailand's aquaculture sector. The Ministry of Agriculture and Cooperatives, therefore, has a policy 
to restore Thailand's marine shrimp production.  
 
The Department of Fisheries has established a program to enhance liquidity for marine shrimp 
farmers in 2022, Phase 1. This is in line with the policy to urgently revitalize marine shrimp 
production. The program provides farmers who are successful in raising shrimp but lack the liquidity 
to have a source of working capital to maintain the stability of the ir occupation so that the marine 
shrimp industry continues to exist. This program uses the budget from  
the Farmer Aid Fund.  
 
5. Form of subsidy  
 
The government support for loans without charging interest to shrimp farmers.  
 
6. To whom and how the subsidy is provided  
 
The target of 1,000 shrimp farmers will receive loan support for procurement of production factors, 
comprising the cost of shrimp fry, feeds for marine shrimp, and other factors of production necessary 
for the production of marine shrimp in th e project. A farmer will receive a loan of not more than 
500,000 baht/person per production cycle, not more than 3 production cycles within a period of 
2 years, with an interest of 0 %. 
 
7. The amount of subsidies  
 
The total credit line does not exceed 500 million baht.  
 
8. Duration of the subsidy  
 
June 2023 – May 2026.  
 
5  PROGRAM FOR ALLEVIATING THE SUFFERING OF FISHERS WHOSE FISHING VESSELS 
ARE AFFECTED BY NATURAL DISASTERS.  
1. Title of the subsidy program  
 
Program for alleviating the suffering of  fishers whose fishing vessels are affected by natural 
disasters.  
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  2. Period covered by the notification  
 
The year 2021 – 2023.  
 
3. Policy objective and/or purpose of the subsidy  
 
To help fishers whose fishing vessels are affected by natural disasters while fishing, taking into 
account their damage, necessity, and appropriateness in order to alleviate the suffering and build 
morale for them.  
 
4. Background and the authority for the subsidy  
 
Assistance to fishers whose fishing vessels suffer fr om natural disasters while fishing. If fishing 
vessels are damaged, they will be rescued by the Department of Fisheries according to the regulation 
of the Department of Fisheries on Compensation for Aquaculture Farmers, or Fishers who suffer from 
natural d isasters, B.E. 2541 (1998) . 
 
The Government has allocated a budget to the Department of Fisheries to implement the project to 
alleviate the sufferings of fishers. This makes it possible to provide assistance quickly in order to 
alleviate suffering and buil d the morale of fishers whose fishing vessels are affected by natural 
disasters so that they can resume their livelihoods.  
 
5. Form of subsidy  
 
Providing grants.  
 
6. To whom and how the subsidy is provided  
 
6.1 Recipients of the subsidy  
 
Owners of fishing vessels or heirs whose fishing vessels have been damaged due to natural disasters 
while fishing, where  
 
1) Damaged fishing vessels must be registered Thai vessels with a valid ship license while 
fishing.  
 
2) A damaged fishing vessel must have a val id fishing license while fishing where a license is 
required under the law on fisheries.  
 
6.2 Subsidy methods  
 
Provide assistance to vessel owners or their heirs whose fishing vessels have been damaged due to 
natural disasters while fishing by providing fu nds for fishing vessel repairs in the event of damage, 
or compensation for losses or damages to the extent that fishing vessels cannot be repaired based 
on actual expenses or damages incurred but not exceeding the specified amount. In the event of 
the deat h of a vessel owner or crew or missing or not found, the heir will receive a funeral payment 
of 10,000 baht per person. In the event that the fishing vessel owner or crew is injured, they will 
receive a subsidy for medical expenses and maintenance of moral e of 1,000 baht per person.  
 
7. The amount of subsidies  
 
7.1 Fiscal Year 2021 (1 Oct. 2020 – 30 Sep. 2021), the total amount of aid is 
7,590,163  baht, for 99 fishing vessels.  
 
7.2 Fiscal Year 2022 (1 Oct. 2021 – 30 Sep. 2022), the total amount of aid is 
4,219,285  baht, for 67 fishing vessels.  
 
7.3 Fiscal Year 2023 (1 Oct. 2022 – 30 Sep. 2023), the total budget is approximately 
3,709,000 baht, for 39 fishing vessels.  
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  8. Duration of the subsidy  
 
Fiscal Year 2021 – 2023.  
 
6  OCCUPATIONAL DEVELOPMENT AND STRENGTHENING OF FISHING COMMUNITIES 
PROGRAM  
1. Title of the subsidy program  
 
Occupational development and strengthening of fishing communities program.  
 
2. Period covered by the notification  
 
The year 2021 – 2023.  
 
3. Policy objective and/or purpose of th e subsidy  
 
3.1 Members of local fishing communities earn more income and have a better quality of 
life from fishing occupations.  
 
3.2 To promote the participation of local fishing communities and to support them in 
management, conservation, restoration, sustainable utilization of fishery resources, and 
environmentally friendly operations.  
 
3.3 Strengthen fishing communities across the country.  
 
4. Background and the authority for the subsidy  
 
Article 25 of the Royal Ordinance on Fisheries B.E . 2558 (2015) and the Royal Ordinance on Fisheries 
(No. 2), B.E. 2560 (2017) requires the Department of Fisheries to encourage the participation of 
local fishing communities and support them in the management, maintenance, conservation, 
restoration and sus tainable use of fishery resources including the integration and registration of local 
fishing community organizations, implementation of projects or activities with the participation of 
fishing communities.  
 
For this reason, the Ministry of Agriculture an d Cooperatives by the Department of Fisheries has 
implemented this project to promote and support local fishing community organizations to 
participate in the management of fishery resources so they have stable careers and can be 
self-reliant in a sustainab le manner.  
 
5. Form of subsidy  
 
Provide funding to local fishing community organizations to manage, maintain, conserve, and utilize 
fisheries resources in the most balanced and sustainable manner including activities to develop 
careers and strengthen communities as follows.  
 
1) Activities to increase aquatic animal productivity, such as the development of aquatic 
animal habitats in the community, the establishment of the aquatic animal bank, the establishment 
of a hatchery for aquatic animal s to be released into water sources, and the procurement of materials 
and equipment to increase the efficiency of aquaculture, etc.  
 
2) Fishery career development activities such as supporting fishing gear to be legal and 
promoting eco -tourism to generate income in the community, etc.  
 
3) Technology transfer and increasing fishing skills, such as training in legal fishing, the use 
of fishing gear that does not destroy aquatic animal resources, sustainable artisanal fisheries, etc.  
 
4) Enhance value -added aq uatic products such as increasing the efficiency of aquatic animal 
storage, promoting value -added fishery products, and marketing to sell fishery products.  
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  6. To whom and how the subsidy is provided  
 
6.1 Fiscal Year 2022: 1 October 2021 to 30 September 20 22 
 
Target groups : local fishing community organizations in 50 provinces registered with the Department 
of Fisheries, in the fields of coastal fisheries, freshwater fisheries, and aquatic animal processing. 
Each community receives not more than 100,000 bah t, a total of 200 communities.  
 
6.2 Fiscal Year 2023: 1 October 2022 to 30 September 2023  
 
Target groups : local fishing community organizations in 77 provinces registered with the Department 
of Fisheries, in the fields of coastal fisheries, freshwater fish eries, aquaculture, and aquatic animal 
processing. Each community receives not more than 100,000 baht, a total of 200 communities.  
 
7. The amount of subsidies  
 
The total budget of 40,000,000 baht to support coastal fisheries fishing community organizations  
registered with the Department of Fisheries, is 100,000 baht per community, a total of 400 
communities.  
 
Fiscal year 2022: 1 October 2021 to 30 September 2022: a total budget of 20,000,000 baht for 
supporting 200 local fishing community organizations.  
 
Fiscal year 2023: 1 October 2022 to 30 September 2023: a total budget of 20,000,000 baht for 
supporting 200 local fishing community organizations.  
 
8. Duration of the subsidy  
 
Fiscal Year 2022: 1 October 2021 to 30 September 2022.  
Fiscal Ye ar 2023: 1 October 2022 to 30 September 2023.  
 
7  LOAN PROGRAM TO ENHANCE LIQUIDITY OF FISHERY ENTREPRENEURS, PHASE 1 AND 
PHASE 2  
1. Title of the subsidy program  
 
Loan program to enhance the liquidity of fishery entrepreneurs, phase 1 and phase 2.  
 
2. Period covered by the notification  
 
The year 2021 – 2023.  
 
3. Policy objective and/or purpose of the subsidy  
 
To enhance liquidity in fishing occupation by supporting low -interest loans to commercial fishers and 
artisanal fishers.  
 
4. Background and the au thority for the subsidy  
 
4.1 Loan Program to Enhance Liquidity of Fishery Entrepreneurs, Phase 1  
 
Following the reform of the Thai fishery sector with the promulgation of the Royal Ordinance on 
Fisheries B.E. 2558 (2015)  and the Royal Ordinance on Fisheries (No. 2) B.E. 2560 (2017) for fishery 
management and conservation of aquatic animal resources, protecting fishes and enabling them to 
participate in resource management, utilization of aquatic animals leading to sustaina bly economic 
society and environmental development consistent with international obligations in relation to 
conservation and management of aquatic animal resources. This will lead to the preservation and 
restoration of aquatic animal resources to a level t hat can produce the highest productivity of aquatic 
animals that can be fished sustainably.  
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  Strictly enforcement of the Royal Ordinance on Fisheries, has resulted in fishers’ burden to comply 
with it, especially the requirement to install a Vessel Monito ring System (VMS) to track the position 
of the vessels.  
 
Therefore, in the urgent phase, the Ministry of Agriculture and Cooperatives has considered ways to 
help entrepreneurs, both commercial fisheries and artisanal fisheries, to enhance their livelihood  by 
providing low -interest loans. This will help alleviate the suffering of the fishers so that they can 
return to work in fishing occupations and for sustainability in their careers.  
 
4.2 Loan Program to Enhance Liquidity of Fishery Entrepreneurs, Phase 2  
 
The loan program to enhance the liquidity of fishery entrepreneurs, Phase 1 can solve the liquidity 
problem for fishery entrepreneurs with the current situation of high price of fuel which is an important 
factor affecting liquidity in the fishing occupat ion. In order to provide an opportunity for fishery 
entrepreneurs to be supported with low -interest loans, The Ministry of Agriculture and Cooperatives, 
therefore, has a policy for the Department of Fisheries to establish a loan program to enhance the 
liquidity of fishery entrepreneurs, Phase 2, to support low -interest loans for fishery entrepreneurs. 
This will alleviate the problems of fishery entrepreneurs.  
 
4.3 Responsible agencies  
  main agencies:  
  1) Ministry of Agriculture and Cooperatives  
  2) Depa rtment of Fisheries  
  3) Government Savings Bank  
  4) Bank for Agriculture and Agricultural Cooperatives  
 
5. Form of subsidy  
 
Supporting low -interest loans for occupations for commercial fishery entrepreneurs and artisanal 
fishery entrepreneurs who are fac ing a lack of liquidity in their occupations. The government 
compensates the loan interest to the Government Savings Bank and the Bank for Agriculture and 
Agricultural Cooperatives instead of fishers at a rate of 3 % per year for a period of not more than 7  
years.  
 
6. To whom and how the subsidy is provided  
 
6.1 Recipients of the subsidy  
 
Commercial fishery entrepreneurs and artisanal fishery entrepreneurs who are facing a lack of 
liquidity in the occupation must not be a person prohibited from obtaining a fishing license under 
Section 39 of the Royal Ordinance on Fisheries B.E. 2558 (2015) and not a person under legal 
proceedings according to the law on fisheries.  
 
6.2 Subsidy methods  
 
(1) Loan program to enhance the liquidity of fishery entrepreneurs, phase 1  
 
Government Savings Bank and Bank for Agriculture and Agricultural Cooperatives provide loans to 
commercial fishery entrepreneurs and artisanal fishery entrepreneurs who are facing a lack of 
liquidity in their occupations. A total cr edit line of 10,300 million baht with an interest rate of  7% 
per year, with the government subsidizing interest at 3 % per year and fishery entrepreneurs pay 
4% per year for a period of not more than 7 years from the date of starting the loan.  
 
(2) Loan pr ogram to enhance the liquidity of fishery entrepreneurs, phase 2  
 
Government Savings Bank and Bank for Agriculture and Agricultural Cooperatives provide credit to 
commercial fishery entrepreneurs and artisanal fishery entrepreneurs that suffer from a lack  of 
liquidity in their livelihoods. A total credit line of 5,000 million baht with an interest rate of 7 % per 
year, with the government subsidizing interest at 3 % per year and fishery entrepreneurs subsidized 
pay 4 % per year for a period of not more than 7  years from the date of starting the loan.  
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  7. The amount of subsidies  
 
7.1 Loan program to enhance the liquidity of fishery entrepreneurs, phase 1  
 
The estimated amount of interest compensation throughout the project period is not more than 
250 million baht for 2,312 fishery entrepreneurs who have been approved for credit.  
 
7.2 Loan program to enhance the liquidity of fishery entrepreneurs, phase 2  
 
The estimated amount of interest compensation throughout the project period is not more than 
1,050  million baht.  
 
8. Duration of the subsidy  
 
8.1  Loan program to enhance the liquidity of fishery entrepreneurs, phase 1  
 
The year 2021 – 2028.  
 
8.2  Loan program to enhance liquidity of fishery entrepreneurs, phase 2  
 
The year 2023 – 2030.  
 
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