While local oil millers are permitted oil mill development loans, only 23 millers has been granted among the applicants, U Tun Tun Oo, Vice-president(1) of the Myanmar Edible Oil Millers’ Association, told One News.
The Oil Mills Development Loan Management Task Force has formed 7 groups to grant loans for the local oil millers. Currently, only 23 millers have been issued loans out of 400 applicants, said U TunTun Oo .
The state has provided Ks. 50 billions for the oil millers as the Oil Mills Development Fund to expand standard equipment, upgrade their machinery , develop new mills as well as to raise working capital in the local oil mills.
