Myanmar government planned to provide special relief loan to farmers to relieve the impact of the COVID-19 pandemic on the agricultural sector, according to Ministry of Planning, Finance and Industry Xinhua reported.

Local farmers will be provided 50,000 kyats (35.7 U.S. dollars) loans per acre at 5 percent annual interest rate starting this month.

This loan program will be effective for this year as part of the government's relief measures for agribusiness affected by COVID-19, a ministry's official told Xinhua.

Both paddy and crop farmers are eligible to apply for the special relief loan until September.