Govt Approves K92 Billion for Food Production Industry

Myanmar has set K92 billion COVID-19 relief plan for the domestic food production industry to support people in the rural area.

Under the plan, the government will allocate K41 billion to more than 1700 villages in all the states and regions. Nearly K15 billion will be used on establishing contract farming jobs on 100,000 acres of farmland. Around K25 billion will be used to acquire and distribute agricultural machinery to farmers in 11 regions and states including Nay Pyi Taw. Around K6 billion will be spent on assisting local fish farms and training, while K1.5 billion will be used to create jobs in the livestock industry in 100 townships.

Deputy Minister for Agriculture, Livestock and Irrigation, U Hla Kyaw said the goal is to create jobs for as many people as possible and the plan will benefit more than 120,000 families.

The World Bank and Ministry of Agriculture, Livestock and Irrigation are discussing allocating $4 million to build cold storage facilities for small livestock businesses in Yangon, Bago and Ayeyarwady regions. Private sector cooperation is expected according to U Ye Tun Win, Director General of the Livestock Breeding and Veterinary Department.

Source: The Myanmar Times