The Thai government is allowing its people to make bank loans using durians. Yes, the fruit!
The Nation Thailand reported that the Principal-To-Loan Policy as a guarantee has shown encouraging results. Among the trees accepted in the exchange include durian, teak, tamarind, ebony, Burmese ebony, and jackfruit.
Photo via Localise Asia
This is to encourage more people to plant more trees.
Deputy Government Spokeswoman Ratchada Thanadirek said, “The policy of the Business Development Department has led the rural community and the company about the benefits of planting valuable trees.
“It also falls under the jurisdiction of the Ministry of Commerce and makes more and more residents show interest in politics,” she said.
The tree is also a part of Thai Prime Minister, Prayut Chan-o-cha’s idea to improve green areas in Thailand. The new policy also makes it easier for villagers to take out bank loans.
As of May 20th, a total of 146,000 trees have been registered as guarantees for loans worth RM17 million. Amazing!
What do you guys think about this?
By: Aishah Akashah Ahadiat
