PDM Hits 3.5 Million Beneficiaries As Government Pumps Shs4.3 Trillion Into Parish Revolving Fund

PDM Reaches 3.5 Million Beneficiaries as Shs4.3 Trillion is invested

Under the programme, beneficiaries can access loans of up to Shs1 million at an interest rate of six per cent per annum, repayable over three years, including a two-year grace period. According to the Ministry of Finance's Financial Inclusion Pillar report, adults aged between 31 and 59 years constitute the largest proportion of beneficiaries at 1,946,086 (54.50 per cent).

PDM Hits 3.5 Million Beneficiaries As Government Pumps Shs4.3 Trillion Into Parish Revolving Fund

Uganda’s Parish Development Model (PDM) has reached 3,571,108 beneficiaries, with Government injecting Shs4.317 trillion into the Parish Revolving Fund in a major push to move millions of households from subsistence production into the money economy. The funds have been channelled through 10,589 PDM Savings and Credit Cooperative Organisations (SACCOs) across the country, with each SACCO […]

Uganda: Parish Development Model (PDM) Reaches 3.5 Million Beneficiaries, Government Invests Shs 4.317 Trillion

Download logoThe Parish Development Model (PDM) has reached 3,571,108 beneficiaries, with Government capitalising the Parish Revolving Fund with Shs 4.317 trillion to support household enterprises and accelerate Uganda’s transition from subsistence production to the money... - Social News XYZ