Thongwa’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 Thagara Village, Thongwa Township, on 19 Septem­ber.

Thongwa Township Department of Rural Development Head Daw Hnin Nu Wai explained that the revolving funds were provided under the MSY Village Project with the objectives of creating employment opportunities and increasing family in­comes for rural residents, as well as implementing village development ac­tivities with the increased revolving funds. Officials handed over K32.5 million in revolving funds to mem­bers of the project imple­mentation groups.

Thagara Village is implementing family in­come-generating activities using K32.5 million from the MSY Village Project. Under the supervision of the township department, members of the project im­plementation groups dis­bursed the second round of revolving loans at low interest rates to a total of 91 members from the vil­lage, including 41 people engaged in agricultural ac­tivities and 50 in livestock breeding. — Cho Than Nyunt (Rural)