Owners of oil mills in need of capital can apply for low-interest development loans, according to the Oil Mill Development Loan Management Committee. Loans range from Ks 10 million to Ks 500 million for working capital and Ks 20 million to Ks 500 million for fixed capital.
The loans are provided at an annual interest rate of 5 percent through the Myanmar Economic Bank, Myanmar Agricultural Development Bank, and 14 private banks, under the guidance of the National Defence and Security Council. The scheme supports machinery upgrades, expansion, construction of modern oil mills, and operational needs.
Eligible applicants must be currently operating oil mills with valid business licenses and acceptable collateral. Priority will be given to FDA-certified businesses, registered small industries, and members of relevant oil mill and trader associations. Larger companies seeking loans of up to Ks 1 billion must apply directly to the committee and MADB head office.
Loan terms include one year for working capital and three years for fixed capital, with a one-year grace period. Application forms are available at relevant associations, government offices, bank branches nationwide, and can be downloaded from official ministry, bank, and association websites.
