What does MADB mean in FARMING & AGRICULTURE
MADB stands for Myanmar Agriculture Development Bank. It is a state-owned commercial bank in Myanmar that primarily focuses on providing financial services to the country's agricultural sector.
MADB meaning in Farming & Agriculture in Miscellaneous
MADB mostly used in an acronym Farming & Agriculture in Category Miscellaneous that means Myanmar Agriculture Development Bank
Shorthand: MADB,
Full Form: Myanmar Agriculture Development Bank
For more information of "Myanmar Agriculture Development Bank", see the section below.
Key Points
- MADB was established in 1996 as a specialized bank to support agricultural development in Myanmar.
- The bank's main objective is to provide loans, credit facilities, and other financial services to farmers, agricultural cooperatives, and agribusinesses.
- MADB offers a range of products and services, including agricultural loans, crop insurance, and financial literacy programs.
- The bank has a wide network of branches and service centers across Myanmar, enabling it to reach a large number of farmers and rural communities.
- MADB plays a crucial role in promoting agricultural development and improving the livelihoods of farmers in Myanmar.
Essential Questions and Answers on Myanmar Agriculture Development Bank in "MISCELLANEOUS»FARM"
What is the Myanmar Agriculture Development Bank (MADB)?
The Myanmar Agriculture Development Bank (MADB) is a state-owned financial institution in Myanmar that provides banking services specifically tailored to the agricultural sector. Its primary mission is to promote agricultural development and economic growth in rural areas.
What types of services does MADB offer?
MADB offers a range of banking services, including:
- Loans and credit facilities for farmers, agricultural cooperatives, and agribusinesses
- Deposit and savings accounts for individuals and businesses
- Money transfer services
- Financial advisory services
- Agricultural insurance products
Who is eligible for MADB's services?
MADB's services are primarily targeted towards individuals and businesses involved in the agricultural sector, including:
- Farmers
- Agricultural cooperatives
- Agribusinesses
- Rural entrepreneurs
How does MADB support agricultural development?
MADB supports agricultural development through its financial services and programs, such as:
- Providing affordable credit to farmers to finance agricultural inputs, machinery, and infrastructure
- Offering financial assistance for agricultural research and development projects
- Promoting financial literacy and agricultural best practices among farmers
How can I access MADB's services?
To access MADB's services, you can visit one of its branch offices located in rural and urban areas across Myanmar. You can also contact MADB through its website or social media platforms for more information.
Final Words: MADB is an important financial institution that supports the growth and sustainability of the agricultural sector in Myanmar. By providing access to financial services, the bank empowers farmers and agribusinesses to invest in their operations, increase productivity, and improve their incomes. MADB's commitment to agricultural development contributes to the overall economic growth and prosperity of the country.