Myanmar to provide special relief loan to pandemic-hit farmers

Description: 

"Myanmar government planned to provide special relief loan to farmers to relieve the impact of the COVID-19 pandemic on the agricultural sector, according to Ministry of Planning, Finance and Industry on Thursday. Local farmers will be provided 50,000 kyats (35.7 U.S. dollars) loans per acre at 5 percent annual interest rate starting this month. This loan program will be effective for this year as part of the government's relief measures for agribusiness affected by COVID-19, a ministry's official told Xinhua. Both paddy and crop farmers are eligible to apply for the special relief loan until September. Meanwhile, the government has been providing annual monsoon agricultural loans to farmers since May 15 this year..."

Creator/author: 

huaxia

Source/publisher: 

"Myanmar Times" (Myanmar)

Date of Publication: 

2020-06-18

Date of entry: 

2020-06-18

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar

Language: 

English

Resource Type: 

text

Text quality: 

    • Good