Loan Disbursement: Pilot Project Commenced In Nay Pyi Taw

2 April 2020
2020-04-02 16:28

A pilot project for loan disbursement of capital for SMEs, agriculture and livestock breeding in Nay Pyi Taw Council Area will be implemented by the Ministry of Planning, Finance and Industry.

Myanma Economic Bank (MEB) and Myanma Agriculture Development Bank will cooperate with the Ministry for the pilot project.

On Thursday, 126 million kyats loan disbursement was delivered to 13 farmers from Nay Pyi Taw Pyinmana Township.

Deputy Minister U Maung Maung Win attended the ceremony, held at MEB in Nay Pyi Taw.

The loan will be granted from one to three years period depending on the nature of works and business models with the designated interest rate by the Central Bank of Myanmar. This pilot project will be expanded to the remaining Regions and States with the aims to promote local production and services.

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