Monsoon agricultural loans disbursed to farmers in Mindon Township

Mindon 21 July

 

Myanma Agricultural Development Bank in Mindon Township, Magway Region is dispensing monsoon agricultural loans to farmers in Painnebin village-tract the township on July 21. 

 

The bank has already disbursed K 1331.55 million of agricultural loans to 3750 farmers from 55 village-tracts at a rate of K 150,000 per acre of paddy and K 100,000 per acre of other crops up to July 20. 

 

The bank has collected K 1614 million of 2020 monsoon agricultural loans and K 346.2 million of COVID-19 special loans on July 20 this year, K 49.9 million of 2020 winter agricultural loans on October, 18, 2021, K 1477.2 million of 2021 monsoon agricultural loans on July 13, 2022, according to bank manager. 

 

Township IPRD
Translated by Suyee