No plan yet to disburse agricultural loans based on land use permits (Form-7) owned by acres, loan disbursement relaxed with 5 conditions for farmers inheriting and continuing to cultivate (Form-7)

It is known that the Bago Region Parliament responded to a starless question asked by U Myo Myo Thein, the regional parliamentarian for Constituency No. 2 of Thantabin Township, Bago Region, stating that there is currently no plan to disburse agricultural loans based on the acreage of land owned by land use permits (Form-7) within the Bago Region, and that loan disbursement has been relaxed with five conditions for farmers who inherit and continue to cultivate (Form-7). In response to the question asked by the regional parliamentarian, it was stated that agricultural loans are being disbursed to farmers in Thantabin Township, Bago Region, based on their ownership of land use permits (Form-7), with loans not exceeding 10 acres per farmer. However, farmers are facing high cultivation costs, rising fertilizer prices, and a shortage of agricultural labor, and therefore wish to know if there is a plan to disburse agricultural loans within the Bago Region based on the acreage of land owned by each farmer under their own name land use permit (Form-7), and if there is a plan to allow a household member who has inherited a land use permit (Form-7) and continues to cultivate to receive agricultural loans on behalf of the farmer. This was the response given when the starless question was posed to the Bago Region Parliament. In response to the parliamentarian's question, it was stated that the Myanma Agricultural Development Bank, in accordance with the bank's loan policy, prioritizes small-scale farmers when disbursing agricultural loans, and loans are disbursed to those cultivating up to 10 acres of crops. It is instructed that loans must be disbursed within the maximum limit of 10 acres, and loans exceeding this limit are not permitted. Therefore, it is not yet possible to disburse agricultural loans within the Bago Region based on the acreage of land owned by each farmer under their own name land use permit (Form-7). Furthermore, it was stated that in cases where the name on the Form-7 and the current owner's name differ due to the sale, gift, or inheritance of agricultural land, the following five conditions apply for loan disbursement: (1) proof of ownership through sale of Form-7 or inheritance from a family member (e.g., husband/father), with supporting documents such as copies of ID cards and national registration cards of other siblings attached if inherited; (2) if sold, the sales contract must be submitted; (3) the principal, interest, and late fees of the loan must be repaid on time within the stipulated period; (4) the name on the Form-7 must be changed in accordance with the Land Law and its bylaws within one year of receiving the loan; and (5) any issues related to the Form-7 pledged to the bank for the loan will be resolved responsibly. With these five conditions, farmers who have inherited and continue to cultivate land use permits (Form-7) will have their loan disbursement relaxed for the 2026-2027 fiscal year, after signing a pledge agreement in the presence of the bank branch manager and the chairman of the ward/village tract loan scrutiny committee, and following the prescribed loan disbursement procedures.