Namsan 25 June

Myanma Agricultural Development Bank (Loilem) is disbursing agricultural loans to farmers in Namsan Township, Loilem District, Shan State (South) at an office of the Township General Administration Department starting from 24 June.

The bank is dispensing the agricultural loans at a rate of K 150,000 per acre of paddy field and K 100,000 per acre of other crops. The bank will distribute agricultural loans to a total of 1614 farmers for 3900 acres of other crops and 6400 acres of paddy. On 24 June, a total of over K 94.5 million of agri-loans was provided to 148 farmers in Hainargyi village-tract. The farmers in remaining villages will be provided with agricultural loans, according to a Bank Manager of the MADB.

Township IPRD

Translated by Suyee