Pindaya’s MSY village project loans disbursed

THE Department of Rural Development, under the Ministry of Cooperatives and Rural Development, held a ceremony to dis­burse revolving funds un­der the Mya Sein Yaung (MSY) Village Project in Kantha Village, Pindaya Township, Danu Self-Ad­ministered Zone, Shan State (South), yesterday.

 

Pyithu Hluttaw Rep­resentative U Win Zaw de­livered opening remarks. Danu Self-Administered Zone Department of Rural Development Head Daw Aye Aye Thein explained the objectives and benefits of the MSY Village Project, while Pindaya Township Department of Rural De­velopment Head U Aung Kyaw explained project fund disbursement pro­cedures.

 

Kantha Village is implementing family in­come-generating activi­ties using K30 million from the MSY Village Project. Under the supervision of regional and township department officials, members of the project implementation groups disbursed the first round of revolving loans at low interest rates directly to a total of 60 members from the village, including 34 people engaged in agricul­tural activities receiving K17.3 million, 18 in live­stock breeding receiving K8.6 million and eight in trading businesses receiv­ing K4.1 million. — Sein Lwin (Rural)