Ministry of Agriculture, Livestock and Irrigation will allocate around K300, 000 per acre to eligible seed farmers over 15,000 acres of land according to U Myo Aung, director of the Cooperative Department under the Ministry of Agriculture, Livestock and Irrigation.
The loan was provided by the World Bank and the loan term will be one year and renewed for up to five years. Interest rates will be between 6 and 8 percent.
Source: The Myanmar Times
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