The current government in the Thailand is still continuing the Rice Pledging Scheme as it has already brought the country under burden of loss of millions.
Commenting against the Scheme former deputy prime minister and ex-Bank of Thailand chief MR Pridiyathorn Devakula and the Thailand Development Research Institute (TDRI) created a loss of Bt425 billion.
Of this only Bt210 billion is made available to farmers and Bt115 billion had benefited other persons, according to Pridiyathorn and the TDRI.
But Deputy Prime Minister Niwatthumrong Boonsongpaisan neglected all the accusation.
Further he said that the Pridiyathorn has not proved any facts related to his accusation and anybody who is criticizing the Rice Pledging Scheme could come forward with prove so that the government can take necessary steps to investigate.
He said that choosing Rice Pledging Scheme was farmers choice and it has been created to help farmers. The Bank of Agriculture and Agricultural Cooperatives has directly transferred Bt330 billion from the pledging project budget to 2 million farmers. Besides farmers, nobody can earn money from the pledging, he said.
Telling about the importance of Pledging Scheme, the minister said that without pledging, farmers would earn only Bt7,000 a tonne, while the scheme meant they could bring in about Bt11,000 per tonne
Deputy PM and Finance Minister Kittiratt Na-Ranong said the government would continue the pledging scheme as it benefited farmers.
The administration is ready to receive all concerns and suggestions related to the Scheme.
Finance Minister Kittiratt Na-Ranong said that there are some economist who are not awared of the accounting so any figures they present must be presented with care.