Myanmar to provide special relief loan to pandemic-hit farmers

Both paddy and crop farmers are eligible to apply for the special relief loan until September. - AFP

YANGON (Xinhua): 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 (June 18).

Local farmers will be provided 50,000 kyats (US$36) loans per acre at 5 per cent annual interest rate starting this month.