The Finance Minister Matia Kasaija, has announced a Shs.176 billion line of credit aimed at supporting large-scale commercial farmers. Loans under the scheme will be disbursed through government-backed financial institutions, with the government covering an annual interest component of Shs.40 billion. The initiative seeks to address the capital shortages in agriculture, a sector often deemed risky by financial institutions due to challenges like lack of collateral, weather reliance, and market volatility.
Finance minister announces UGX 176 billion line of credit
The Finance Minister Matia Kasaija, has announced a Shs.176 billion line of credit aimed at supporting large-scale commercial farmers. Loans under the scheme will be disbursed through government-backed financial institutions, with the government covering an annual interest component of Shs.40 billion. The initiative seeks to address the capital shortages in agriculture, a sector often deemed risky by financial institutions due to challenges like lack of collateral, weather reliance, and market volatility.
