The Department of Rural Development under the Ministry of Cooperatives and Rural Development held a ceremony yesterday to transfer K30 million of the Rural Business Fund (RBF) to Yonetaw Village, Lewe Township, the Nay Pyi Taw Union Territory.
The fund transfer ceremony was held in Yonetaw Village, which is implementing the Rural Business Fund (RBF) project to improve rural livelihoods and promote income-generating activities.
At the event, Lewe Township Head of the Department of Rural Development, U San Yu Hlaing, explained the objectives of the fund transfer, details of the project, and the future implementation tasks to be carried out by the beneficiary community.
Following this, township officials formally transferred K30 million to four livelihood groups in Ronetaw Village. Each group received K7.5 million, with the total fund aimed at supporting agricultural and livestock production as well as small and micro-enterprises through a cooperative-based system.
The project is intended to provide necessary financial capital for farmers and small business operators, and to strengthen community-based livelihood development through organized group activities, according to officials.
Cho Than Nyunt (Rural)
#GlobalNewLightOfMyanmar