Greening project to benefit Rakhine people

Deputy Director U Thein Lwin inspects chain link weaving in Payarpaung Village, Kyauktaw Township.  Photo: han lin naing
Deputy Director U Thein Lwin inspects chain link weaving in Payarpaung Village, Kyauktaw Township.  Photo: han lin naing

The Myaseinyaung Kyeywa project, a rural greening project covering 124 villages in Rakhine State, will be launched in the 2018-2019 fiscal year (FY), according to Rakhine State Rural Development Department.
Of the 124 villages, 50 are from Buthedaung, Maungtaw and Yathedaung townships,
and the project will be implemented with a six-month budget.
“We are going to implement the project in Buthedaung, Maungtaw and Yathedaung townships during a six-month period in the 2018-2019 FY.
However, the said three townships will be left out in the one-year budget, which covers 74 villages from 11 other townships,” said U Nay Htet Shein of the department.
“The government will provide a fund of Ks30 million for each unit of the project. It is not a loan, but a revolving fund. Normally, a unit has 80 villages,” he added.
Priority will be given to villages that are poor and have the potential for farming, according to the rule of law. The funds will be used for farming, fishery, rural electrification, production and vocational programmes.
In every village, an elected village committee will use the funds to disburse loans to the villagers. It will fix the loan amount, interest rate and rules.
Union-level, region-/state-level, district-level and township-level action committees and regulatory bodies will be set up to run the project systematically and prevent corruption or other misconduct.
The interest rate will be between 0.5 and 1.5 per cent. “It is much lower than market rates, which range from 5 to 10 per cent,” he told reporters.
The project covers 17 townships of Rakhine State.

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