Millers need greater access to credit: Govt

The Ministry of Commerce and bank officials announced yesterday that they will hold a meeting next month aimed at better facilitating rice millers’ access to credit. The move is part of the Asian Development Bank’s Climate Resilient Rice Commercialization Sector Development program to address food security and rice commercialisation, funded with a US$55,000 Asian Development Fund loan. Mao Thora, secretary of state at the Ministry of Commerce, told the Post millers will see additional loans if they can demonstrate a sufficient level of stocked paddy rice. … ADB plans to strengthen the rice value chain, improve legal and regulatory framework in agricultural land management, and enhance paddy production through improved irrigation efficiency as well as establishing post-harvesting facilities and crop insurance pilots.

http://www.phnompenhpost.com/2013031161863/Business/millers-need-greater-access-to-credit-govt.html