MPs P.Altangerel and J.Sukhbaatar today told journalists that a group of MPs led by them have submitted to the Government a set of proposed amendments to the Law on the Human Development Fund, which was passed in November, 2009. One of the amendments seeks to use the HDF allowance to elderly people and herders directly to pay back their bank loans. 

There are 214,000 elders in the state, 166,200 of whom have taken pension loans from commercial banks. Herders owe banks MNT45.2 billion in loans.