By KT Reporter
Over ten thousand Parish Development Model ((PDM) SACCOS will be capitalized with funds totaling to 3.2 trillion shillings by the end of the financial year 2024/2025.
State Minister for Finance, Henry Musasizi says the money will be sent directly to the beneficiaries’ bank/ wendi accounts.
While appearing before Parliament’s budget committee on Tuesday over the coming financial year budget, Musasizi revealed that over 2.7 trillion shillings had been disbursed by the SACCOS to the beneficiaries by the end of April 2025.
Musasizi says for financial year 2025/2026, additional 1.5 trillion shilling has been budgeted to reach the subsistence households that are yet to be covered.
In the agriculture sector, the Minister says the government has cumulatively released over three and twenty five billion shillings toward the agriculture credit facility since 2010.
He says the facility has financed various projects within the agriculture value chain with grains in trading funded most with over 339 billion shillings-URN. Give us feedback on this story through our email: kamwokyatimes@gmail.com
