Winter Agricultural Loans Disbursed to Farmers in Kamma Township

Kamma, 13 February

In order to support crop cultivation and production, winter agricultural loans for the 2024-2025 Fiscal year are being disbursed to farmers who are members of the bank in Kamma Township, Magway Region. The Myanma Agricultural Development Bank (branch) has already provided loans to 111 farmers for 311 acres of farmland at 10:00 a.m. on February 13.

 

The Township branch of the Myanma Agricultural Development Bank had earmarked K 550 million for disbursement to farmers in the township. As of February 13, K 599.4 million has been distributed to 1,607 farmers across the 18 village tracts, covering a total of 5,994 acres of farmland. Loans are being provided at a rate of K 100,000 per acre for winter crops such as groundnuts, green gram, mung beans, and Black Pelun beans.

 

The remaining farmers in the township will receive their loans according to the Myanma Agricultural Development Bank branch.— U Kyaw Zay Ya Win

Translated by JT