Farmers who owe some K200 billion to state-owned Myanmar Agriculture Development Bank (MADB) have not repaid their debts since 2012, according to bank records. Most of the farmers are from Ayeyarwaddy, Bago and Yangon. “These farmers need to pay what they owe to the bank. Currently, our situation is such that savings levels have fallen […]
MADB to help fuel growth across entire agriculture supply chain
April 19, 2018 by
Attempts will be made to lower interest rates at the Myanmar Agricultural Development Bank (MADB) so that it is able to support the entire agriculture supply chain, according to U Kyaw Win, Union Minister for Planning and Finance. He said that in the 50 years during which MADB has provided loans to farmers, the sector […]
Yoma Launches Agribusiness Finance Program with LIFT
January 1, 2017 by
Farmers will have better access to funding under a new Yoma Bank scheme, and can use it to buy much-needed agricultural machinery. The bank announced the launch of its Agribusiness Finance Program (AFP) in Yangon on December 15. The new program cuts the down payment on a hire purchase agreement from 30 percent to […]
A 500 billion political land mine and Myanmar’s gaping budget
June 1, 2016 by
Growth retardation of the agricultural sector connects too many aspects of economy issues such as lack of investment, lack of industrialization, obstacles in producing and distribution of goods, high unemployment rates, etc. It is a high priority economic policy that the new government must endeavor to implement as the development of the agricultural sector directly […]
State bank lowers interest rates on loans to farmers to stimulate growth
May 30, 2014 by
State-owned Myanmar Agricultural Development Bank (MADB) – the largest small loan lender in the country – will lower interest rates on loans to farmers to stimulate growth next month, according to officials. The rate will drop from a current 8.5 percent to 5pc in June, MADB Mandalay Region manager Daw Khin Pyone Yi said. “We […]
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