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.
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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.
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He says the facility
has financed various projects within the agriculture value chain with grains in
trading funded most with over 339 billion shillings.
