Singu, 11 July

The Myanmar Agricultural Development Bank’s branch in Singu Township, Mandalay Region has given out Ks. 3195.4 million to farmers from 27 village-tracts as monsoon agricultural loans this year.

Among the disbursed loans, Ks. 326.6 million has already been dispensed to farmers from seven village-tracts. More than 39.6 million has to be repaid by the farmers from 12 village-tracts for previous monsoon agricultural loans. In addition, farmers from 32 village-tracts yet to repay Ks. 1507.7 million of winter crop loans, according to the manager of the MADB branch.

The remaining monsoon agricultural loans will be disbursed to farmers not later than 30 September, she added.—Win Maung (Singu)

Translated by Kyaw Htike Soe