MoPF disburses K1.773 bln of loan to 21 edible oil millers in 4 months

p6 forth
Oil milling machines are seen at a mill in Magway Region.

The Ministry of Planning and Finance provided K1.773 billion of loans to 21 cooking oil millers in regions and states, including the Nay Pyi Taw Council area, between July and October 2023.
The ministry called for a loan proposal for the first time in line with rules and regulations of the Project Management Unit and Private Finance Initiative and made loan disbursement, according to a meeting 5/2023 of the Development Loan Management Task Force for Oil Mills.
Second proposals have been invited. Applicants are under scrutiny. The meeting highlighted the need to finance millers who meet loan criteria shortly.
The State is endeavouring to ramp up oil crop outputs to ensure edible oil security in the domestic market and disbursing loans at reasonable interest rates for oil millers to upgrade milling machines. — TWA/KK

Share this post
Hot News
Hot News
5253 Rakhine students pass matriculation exam amidst various difficulties
Umbrellas for kids sell better
First honouring ceremony to elderly Deva Experts held in Myanmar
High-quality Japan used toys and model cars attract customers
Education conference must contribute to emergence of better results for State’s future
Myanmar’s agri-produce exports cross US$970M in Apr-May
MoNREC designates Yone Taung protected public forest in Haka
Myanmar, Indian Armed Forces to forge friendly ties, further cooperation
MIFER Union Minister receives UAE Ambassador
MoHA Union Minister discusses custody of exhibits