Monsoon agricultural loans disbursed in Kantbalu Township

Kantbalu 3 July

          Myanma Agricultural Development Bank in Kantbalu Township, Sagaing Region is disbursing monsoon agricultural loans to farmers in the township.

The bank disburses monsoon agricultural loans to farmers who are totally paid back to their previous debt and a total of K 241.5 million of loans have been dispensed to 509 farmers for the cultivation of 1610 acres of paddy.

          The bank disburses monsoon agricultural loans at a rate of K 150,000 per acre of paddy and arrangements are being made to disburse loans to the farmers from the remaining villages.

Aung Win Nyein (Kantbalu)

Translated by Suyee