August 15, 2017

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Farm equipment sales to be used for loans for farmers

Amyotha Hluttaw Speaker Mahn Win Khaing Than.

To grant loans to farmers, the government’s cooperative fund and a US$400 million loan from China EXIM bank are being used while selling US$100 million worth of farm equipment and machinery from Daedong Industrial Co. said Union Minister for Agriculture, Livestock and Irrigation Dr. Aung Thu.
This was the minister’s response to a question by U Kin Shein of Taninthayi of constituency 9 on Ministry of Agriculture, Livestock and Irrigation drawing up of long and short-term loan programmes to farmers with Japanese aid and loans to farmers by the Cooperative Department on the eighth day meeting of the 2nd Amyotha Hluttaw 5th regular session. The Union Minister continued and said the Cooperative Department is granting group loans with a loan period of six months, with each group comprised of five farmers. Furthermore, a cooperative member’s individual loan was increased from Ks1 lakh to Ks5 lakh, depending upon the member’s diligence and probability of loan repayment. Full repayment of the members’ loans is made annually in the months of January and July.
In January, a small-scale capital loan of Ks504.43 billion to state and regional cooperatives and a Ks11.51 billion loan for upgrading farms totalling Ks515.95 billion was disbursed in timely manner as loans to 2,641,350 cooperative members from 290 townships and Ks11.42 billion to 2,139 cooperative members from 797 townships to purchase 2,169 pieces of farm equipment and machinery. A two-step loan from the Myanmar Agriculture Development Bank to farmers will be provided after checking if any loans from other entities were made so that the loan system becomes an effective one, said the Union Minister.
U Pe Chit of Yangon region constituency 9 asked if there was any plan to construct the The In Gu-Hnaw Gone-Thike Kone village road in Chaung Wa village tract, Hmawby Township and the Thike Kone Bridge which is near collapse in the coming fiscal year. Union Minister for Agriculture, Livestock and Irrigation Dr. Aung Thu responded that concrete road work for the 2 mile, 3.79 furlong The In Gu-Hnaw Gone-Thike Kone village road and maintenance of Thike Kone Bridge were not included in the Department of Rural Development, Ministry of Agriculture, Livestock and Irrigation in FY 2017-2018 allocation and thus it would not be done presently, but in the future depending upon the yearly prioritisation by the states and regions. On the question by U Khin Maung Latt of Rakhine of state constituency 3 on any plans to draw up a master plan and build a sea water dam in Rakhine State and to obtain loans and aid from international organisations such as the World Bank and ADB if Union funds are insufficient, Union Minister for Agriculture, Livestock and Irrigation Dr. Aung Thu said in Rakhine state there are 32 sea water dams with 61 sluice gates constructed and maintained by the ministry and 101 dikes constructed by the ministry and maintained by the farmers. In FY 2016-2017, 18 sea water dams and 38 dikes were constructed and maintained while the FY 2017-2018 funds to build and maintain eight sea water dams and seven dikes were obtained, out of which three were already started while the rest will be conducted in the open season after the raining season.
“These works are huge and require massive financial input and, depending upon the permitted amount within the union’s financial constraints and availability of aids and loans from developed nations and international organisations, priority will be given for the development of the agriculture sector in Rakhine state and the people’s socio-economic development”, said the Union Minister.
Furthermore, Chairman of the Union Civil Service Board Dr. Win Thein and Union Minister for Agriculture, Livestock and Irrigation Dr. Aung Thu replied to questions asked by U Whey Tin of Chin constituency 11, U Myint Naing of Rakhine state constituency 5 and Dr. Zaw Lin Htut of Mon state constituency 9.
A bill on registering deeds was tabled by the Union Minister for Agriculture, Livestock and Irrigation Dr. Aung Thu and Bill Committee member Dr. Myo Aung of Kayin state constituency 10 in order to read the report about the bill to the hluttaw.
Enrollment for discussing the bill was announced.
The ninth day of the fifth session of the second Amyotha Hluttaw will be continued on 5 June.

 

 

Thuya Zaw (MNA)

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