THE Kungyangon Township Rural Development Department, under the Ministry of Cooperatives and Rural Development, disbursed K90 million of the Mya Sein Yaung revolving project funds at Seikgyi and Mayan villages in Kungyangon Township, Yangon Region, yesterday.
Daw Su Thidar Lin, Head of the Kungyangon Township Rural Development Department, first explained that the project funds are being distributed to enable rural residents in Seikgyi and Mayan villages to expand their family income-generating businesses and to implement village infrastructure developments using the accumulated project funds.
Subsequently, officials clarified the project guidelines, interest rates, loan periods, and regulations. They then handed over the revolving fund of K90 million to the members of the respective village project working committees.
Under the field supervision of the Kungyangon Township Department officials, the village project committees systematically distributed the low-interest loans directly to the members for agriculture, livestock breeding, and trading businesses. The disbursement included K45 million to 151 project members in Seikgyi Village and another K45 million to 156 members in Mayan Village, totalling K90 million. — Karan (Rural)
