Livestock breeding farms in 9 states and regions to get K12 billion loans starting June
May 27, 2024
According to the Nay Pyi Taw Livestock Breeding and Veterinary Department, K12 billion will be loaned to livestock breeding farms in nine states and regions, including Nay Pyi Taw, starting from June.
The Nay Pyi Taw Council Area, Yangon, Mandalay, Bago, Ayeyawady, Magway and Taninthayi regions, Shan and Mon states are planning to provide loans for breeding beef cattle, dairy cattle, raising layers, and breeding sheep and goats from June.
The loan will be part of the State Economic Promotion Fund and will be offered at a low interest rate, with preferential lending planned for dairy cattle farming businesses.
The loan period for dairy cattle farming businesses is set at three years, while the period for beef cattle, layer farms, and sheep and goat farming businesses is set at two years.
A total of K20 billion was lent to these businesses last financial year. — TWA/KZL
