Ministry of Planning and Finance

Myanma Agricultural Development Bank

The Bank shall have the right to conduct the following business: -

Advancing annual, short-term and long-term loans to State-owned agricultural organizations, livestock organizations, cooperative societies, private persons, village banks, farmers, entrepreneurs and labourers on such terms and conditions as may be necessary;
Receiving deposits on the basis of rural development, making loans and advances or allowing overdrafts with or without security;
Organizing, recognizing and supervising village banks and prescribing their functions and duties;
Selling and buying drafts, telegraphic transfers, payment orders and other kinds of remittances;
Borrowing money in or outside the country for carrying out the functions of the Bank;
Undertaking matters relating to the smooth functioning of the Bank business, rendering and acquiring management and technical expertise and consultancy in connection with or in support of such matters;
Performing such business as may be approved by the Ministry.