What does MADB mean in DEVELOPMENT
MADB, an abbreviation for Myanmar Agriculture Development Bank, stands as a prominent financial institution in Myanmar, dedicated to the growth and development of the agricultural sector. To fully comprehend the significance of MADB, it is imperative to delve into its establishment, mission, and services.
MADB meaning in Development in Community
MADB mostly used in an acronym Development in Category Community 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.
» Community » Development
Meaning in COMMUNITY
Within the context of COMMUNITY, MADB plays a pivotal role in empowering farmers and rural communities. As an integral part of the financial system, the bank provides essential financial services such as loans, savings, and insurance, enabling farmers to invest in their operations and enhance their productivity. By fostering financial inclusion and supporting agricultural development, MADB contributes to the economic well-being of rural communities, promoting sustainable livelihoods and reducing poverty.
Full Form
The full form of MADB is Myanmar Agriculture Development Bank.
Essential Questions and Answers on Myanmar Agriculture Development Bank in "COMMUNITY»DEVELOPMENT"
What is MADB?
Myanmar Agriculture Development Bank (MADB) is a state-owned bank in Myanmar that focuses on providing financial services to the agricultural sector. It was established in 1953 to promote agricultural development and provide credit to farmers.
What services does MADB offer?
MADB offers a range of services, including loans for various agricultural activities, such as crop production, livestock, and fisheries. It also provides deposit accounts, remittances, and other financial services tailored to the needs of the agricultural sector.
Who is eligible for MADB services?
Individuals and businesses involved in agricultural activities, such as farmers, cooperatives, and agro-industries, are eligible to access MADB's services. The bank has specific eligibility criteria and requirements for different loan products and services.
How do I apply for a loan from MADB?
To apply for a loan from MADB, you can visit one of its branches or contact one of its loan officers. You will need to submit a loan application along with supporting documents, such as proof of identity, land ownership, and financial statements.
What is the interest rate on MADB loans?
The interest rate on MADB loans varies depending on the loan type, loan term, and the borrower's creditworthiness. The bank typically offers competitive interest rates, considering the risks associated with agricultural lending.
Final Words: MADB stands as a cornerstone of Myanmar's agricultural sector, providing farmers and rural communities with access to financial services and support. Through its commitment to agricultural development, the bank plays a crucial role in boosting productivity, increasing income, and improving the livelihoods of rural populations. As Myanmar continues to grow and develop, MADB remains a vital force in driving agricultural prosperity and promoting economic growth in the country.