Myanmar's agricultural loan project disburses $117.61 million to over 5,800 farmers for machinery.

Myanmar's Agriculture and Rural Development Loan Project, launched in 2017, has provided over $117.61 million to more than 5,800 farmers to buy agricultural machinery. The project offers low-interest loans with three-year short-term and five-year long-term repayment options. Agriculture is a vital sector in Myanmar, contributing 60% to GDP and employing 65% of the workforce. Major crops include rice, pulses, and sesame, with livestock also playing a key role.

2 months ago
5 Articles