Warning To Take Loans From the Respective Designated Banks

The Ministry of Planning and Finance issued that SMEs are allowed to obtain the special loans from the designated banks, according to the issue of the Ministry of Planning and Finance.

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The Ministry of Planning and Finance has obtained the long-term loans from the Japan International Cooperation Agency to relend to the local entrepreneurs for their businesses development.

The Small and Medium Industrial Development Bank (SMIDB) supports the loans for the domestic SEMs and Myanmar Agricultural Development Bank (MADB) supports loans for the Agriculture sector while the Construction and Housing Development Bank supports loans for the construction sector.

Those who want to take loans must get the loans from the respective designated banks, according to the notice.
The Pyihtaungsu Hluttaw has confirmed to take yen 15 billion loans from the Japan Government to lend to the domestic entrepreneurs.

Credit: SFJ Strategy First
Translated by: iMyanmarHouse.com