NyaungU, 30 May

With a view to cultivating monsoon crops conveniently, the Myanmar’s Agricultural Development Bank branch in NyaungU Township, Mandalay Region has begun disbursement of monsoon agricultural loans to farmers since 6 May.

So far more than Ks. 2 billion of monsoon agricultural loans has been given out to 3,407 farmers from 31 village-tracts in the township, said Daw Shwe Zin Htay, township manager of the MADB. Over Ks. 8 billion has been earmarked for disbursing monsoon agricultural loans to around 13,200 farmers from 221 villages this fiscal year.

More than Ks. 2 billion of agricultural loans was given to 3,407 farmers in the township for 22,112 acres of farmland at the rate of Ks. 150,000 per acre, she added.—Ye Win Naing

Translated by Kyaw Htike Soe