Special relief loan to be given to farmers

19 June 2020
Special relief loan to be given to farmers
Farmers work in a paddy field to grow rice at a rice farm in Maubin township, Ayeyarwady region, Myanmar, 03 June 2020. Photo: Nyein Chan Naing/EPA

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 Xinhua reported.

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.