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Over 5000 Saccos miss out on PDM Money

By: Melanie Aanyu

Only 3,200 out of the targeted 10,594 Saccos have been cleared to receive Parish Development Model (PDM) cash after meeting requirements as outlined under the implementation guidelines, the government has said.

Each of the approved Saccos would receive Shs25m revolving fund during the first quarter [from July to September], Shs25m for the second quarter [October to December] and another Shs50m for the third quarter, according to Prime Minister Robinah Nabbanja.

Ms Nabbanja said all the ready Saccos are to receive the funds directly to their bank accounts.

The government has so far released Shs80.92b to cater for the first quarter, while Shs1.05 trillion was earmarked as revolving funds to the PDM Saccos in this Financial Year 2022/2023.

During yesterday’s meeting, the premier approved disbursement of funds to three Saccos from Otuke, Butaleja and Lira districts as model Saccos.