Tanai’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
Lamun Village, Tanai Township, Kachin State, yesterday.
Tanai Township Department of Rural
Development Head U Zaw Myo explained the project objectives: the project aims
to increase family incomes, allowing residents to expand small-scale
agricultural, livestock breeding and livelihood activities, and will carry out
village development activities using increased revolving funds. Project staff
detailed applicable interest rates, loan periods, and rules and regulations
to be followed, and K55.5 million in revolving funds was transferred to members
of the Mya Sein Yaung Village Project Implementation Committees.
Lamun Village is implementing local income-generating
activities with support from the project funds. Under the supervision of the
township department, members of the village project implementation committees
disbursed ninth-round concessional revolving loans totalling K55.5 million at
low interest rates to 31 project members from the village, including seven
people engaged in systematic agricultural activities receiving K16.5 million
and 24 in livestock breeding receiving K39 million. —Karan (Rural)
No comments