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MYANMAR – The National Unity Government’s Spring Development Bank (SDB) is coordinating to implement micro finance sector in Chin State and Karenni State, said Union Minister of Planning, Finance and Investment Tin Tun Naing at the “From the bankruptcy of the country to the fall of the military dictator” press conference held on June 3.
It is said that they are coordinating with Chin National Front (CNF) in Chin State and with the Karenni Interim Executive Committee (IEC) in Karenni State.
“Regarding micro finance, we are working with CNF and they have also submitted a plan for the business. As SDB, we are closely coordinating, with an initial investment starting from around 500,000 USD as our first project. We are working together to quickly complete those processes. We will be able to proceed once we complete those. We will work on it to achieve those within this year. Similarly, we are also coordinating with the Karenni IEC for a similar matter,” said Union Minister Tin Tun Naing.
It is said that in implementing the micro finance sector, SDB is also focusing and prioritising to follow procedures and to benefit the people who are most in need and the Union Minister also stated that they are working to implement the micro finance sector in 2024.