Co-op ministry disburses loans, sells farm machinery to members

Vice President U Nyan Tun observes farm machinery displayed at loan-providing event held in Zegone, western Bago Region.
Vice President U Nyan Tun observes farm machinery displayed at loan-providing event held in Zegone, western Bago Region.

The Ministry of Cooperatives distributed more than K 23.1 billion in cash loans and sold over K9.3 billion worth of agricultural machinery to its members Saturday under the rural development programme in Bago Region.
Vice President U Nyan Tun attended the loan-providing event held at Zegone Township Hall in western Bago Region, together with union ministers, deputy ministers, parliamentarians, heads of government agencies and representatives of township cooperatives.
U Nyan Tun said the loan programme aims to reduce poverty and promote health and education for rural households.
He also urged the members of cooperatives to use the loans effectively. The government has targeted a reduction in the poverty rate from 26 to 16 percent in the near future.
Chief Minister for Bago region U Nyan Win explained rural development programmes in the region. He and Union Minister for Cooperatives U Kyaw Hsan presented loans to cooperative societies in Bago, Toungoo, Pyay and Thayawady districts.

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