Paung 23 May

          Paung Township Myanma Agricultural Development Bank is disbursing monsoon agricultural loans to farmers in Paung Township, Mon State.

          An official from the bank clarified the procedures, rules and regulations for loan disbursement. Then, the officials disbursed monsoon agricultural loans to 107 farmers in Sinywar village who paid back early to the bank at a rate of K 150,000 per acre.

The bank has earmarked to disburse agricultural loans to 7191 farmers for their 60000 acres of monsoon paddy fields from 47 village-tracts from 23 May until the end of September.

Monmalay (IPRD)

Translated by Suyee