Funds for peanut cultivation disbursed in Magyibin village, Tatkon Tsp.

 

Tatkon 16 September

With the aims of rehabilitating natural disaster-affected areas and building a strong and resilient community, Tatkon Township Department of Rural Development disbursed funds of Rural Business Fund (RBF) to local residents for peanut cultivation in Magyibin village in Tatkon Township, Nay Pyi Taw on September 16.

            First, an official from the Township Department explained that the purpose of disbursing the funds of the project is to provide necessary capital for SME entrepreneurs, agriculture and livestock business people and to conduct livelihood activities in cooperation with a team.

            Then, a responsible person of the project and staff clarified the interest rate, term and rules to be followed when taking out the funds. In the village, there are four groups of peanut cultivation and each group is disbursed K 7.5 million of fund of RBF at low interest rate, according to an official from the Township Department.

Maung Khaing

Translated by Suyee