THE Central Bank of Myanmar stated on 2 September that a K700-billion initial loan is allocated for post-earthquake reconstruction. Those individuals affected by the Mandalay Earthquake and quake-hit businesses can apply for loans at lower interest rates starting from 2 September through banks and non-bank financial institutions.
The Mandalay Earthquake devastated Nay Pyi Taw, Mandalay, Sagaing, Magway and Bago regions and eastern Shan States on 28 March 2025. As per the Notification 68/2025 of the National Defence and Security Council Office, the Central Committee for Fund Supervision was established on 14 August 2025, and CBM’s Notification 30/2025 stated that fund management task force was formed on 20 August 2025, to manage the State’s loan plans for reconstruction activities of civil servants, businesses, factories, workshops and owners of the houses affected by the Earthquake.
A total of K700 billion initial fund, including K500 billion from the Natural Disaster Management Fund and K200 billion from the CBM, was allotted to reconstruct businesses and individuals devastated by the Mandalay Earthquake.
Loan term is set from three to five years. Working capital of MSMEs and industrial enterprises, reconstruction loan for houses and buildings, loan for machinery, water supply, electricity, solar and investment cost, loans for construction entrepreneurs who are responsible for the construction of the State infrastructure at a lower interest rate will be provided.
Furthermore, banks and non-bank financial institutions (AYA Bank PCL, uab Bank PCL, CB Bank PCL, Ayeyawady Farmers Development Bank-A Bank, Yoma Bank, Construction, Housing and Infrastructure Development Bank, Myanmar Citizens Bank, Kanbawza Bank, Best Merchant Finance Co Ltd, Zega Finance Co Ltd) expressed willingness to participate in the loan programmes and they were selected in accordance with the Standard Operating Procedures for loan. The details of the SOP can be observed on official websites.
Trade, MSMEs, agriculture and livestock businesses, industrial businesses, hotels and tourism, private hospitals, private schools, and construction businesses will be prioritized in disbursing loans. — NN/KK
