THE Mongshu Township Department of Rural Development, under the Ministry of Cooperatives and Rural Development, allocated Mya Sein Yaung (Emerald Green) Village Project revolving funds to residents in Wanping Village, Mongsan Village-tract, Mongshu District in southern Shan State yesterday. The initiative aims to help rural people expand systematic agricultural businesses and implement village development projects using the generated interest.
During the event, Daw Myint Thida Han, Head of the Mongshu Township Rural Development Department explained the objectives of the revolving fund. Following this, the project officer discussed the interest rates, repayment periods, and rules that must be followed by the beneficiaries. A total of K20.2 million was then officially handed over to the village project committee members.
Under the supervision of the Township Head and staff, the village committee members further disbursed the funds to 21 local members who will engage in agricultural activities. This marks the third round of fund distribution for Wanping Village, providing low-interest loans directly into the hands of the villagers to support their livelihoods. — Cho Than Nyunt (Rural)
