Agricultural loans paid for farmers in Maungtaw Township

May 29, 2017

Myanmar Agricultural Development Bank in Maungtaw paid loans for paddy cultivation to farmers Ks 150,000 per acre starting from 23 May, said U Tun Aung, manager of MADB to Myanmar News Agency. They are planning to pay loans for monsoon paddy cultivation to all farmers across the country from May to September.

“We arranged to pay loans for paddy cultivation for plots of 10 acres. We issued sample forms to village officials by scrutinizing and with the recommendation of officials about as to whether they are free from arrears”, he said. Starting from 23 May till now, 30 farmers in Maungtaw Township have got Ks 100 million of cultivation loans.

According to U Kyaw Lwin, Minister for Agriculture, Livestock, Forestry and Mining of Rakhine state government, there are totally 15,000 acres in Maungtaw and 100,000 acres in Buthidaung township, and among them, people hold Form (7) and citizens card have been given out.

“We have already got the farm loans for this year. It is supported for agriculture. But we also have the difficulties of insufficient seeds and fertilizer”, said a farmer in Maungtaw Township.

Maungtaw region has a fertile land and high yield. As a priority, the government has already given budgets for agriculture and breeding sectors in Maungtaw, said U Kyaw Lwin. 1069 farmers from 18 village tracks in Maungtaw had got Ks 450 million at Ks 150,000 per acre in the former rainy season, according to MADB.

Ref; The Global New Light of Myanmar