False news: Farmers fear to pay off agricultural loans at Wethteekan police station

False information is being written and spread on social networking sites that farmers are afraid of being forced to pay agricultural loans at the police station, and those who cannot pay the loans will be prosecuted and arrested in Wethteekan Station, Pyay, Bago Region.
Regarding the news, according to an official from the relevant ministry, the government has been lending out annual agricultural loans at a low interest rate to help farmers with their agricultural expenses. Therefore, in lending, the new loan system is applied only after the previous year’s arrears have been paid, and the procedures for recovering the arrears are taken seriously. The Myanmar Agricultural Development Bank and its branches are only collecting arrears through an organizational way, and no cases have been opened against the farmers who still have to pay the loans. According to the terms of the loan instructions, farmers who have paid their arrears are being given new loans before cultivation season.
Malicious media outlets are taking advantage of the current situation to instill fear in local farmers and spread false news against State service personnel and administrative institutions. —MNA/KZL