Myothit 24 September

Myanma Agricultural Development Bank (Myothit Branch) is dispensing agricultural loans to farmers in village-tracts in Myothit Township, Magway Region in accordance with the instructions guided by the Ministry of Health and Sports. Over K 691,750,000 of agricultural loans has been disbursed to 1132 farmers in 29 village-tracts in the township until 22 September. 

In Myothit Township, the bank continues disbursing the monsoon loans for 2021 to farmers who have already paid off for 2020 monsoon loans. It disburses the agri loans at a rate of K 150,000 per acre of monsoon paddy and K 100,000 per acre of other crops. The rate of interest will be five percent per year. The bank will collect a five percent interest rate annually, according to a Township Bank Manager. 

Than Win Tun (IPRD)
Translated by Suyee