The Bank for Agriculture and Agricultural Cooperatives (BAAC) was established in 1966 under the BAAC Act to serve as a state-owned bank with a specific mandate to support Thailand's agricultural sector. Its primary mission is to provide a comprehensive range of financial services, including loans, deposits, and funds, to farmers, farmer's associations, and agricultural cooperatives to enhance their production, business operations, and overall quality of life. As a key instrument of government policy, BAAC plays a crucial role in the development of the rural and grassroots economy, aiming to be a stable and modern rural development bank that contributes to the sustainable growth of Thailand's agricultural sector.