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๐Ÿ‡บ๐Ÿ‡ฌ Uganda /Economy & Trade

Govt to Expand PDM, Affordable Credit for Farmers

From AllAfrica Uganda · () English

Summarized and contextualized by DistantNews.

At a glance

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  • The Ugandan government plans to increase support for farmers through the Parish Development Model and affordable credit over the next five years.
  • This initiative aims to boost value addition, create jobs, and accelerate economic growth.
  • The Minister for Agriculture, Animal Industry and Fisheries, Frank Tumwebaze, announced the plan.

The Ugandan government is set to significantly enhance its support for the agricultural sector over the next five years. Minister for Agriculture, Animal Industry and Fisheries, Frank Tumwebaze, announced plans to scale up the Parish Development Model (PDM) and affordable credit schemes for farmers.

This strategic push aims to foster greater value addition within the agricultural sector. By providing farmers with better access to resources and financing, the government intends to stimulate job creation and drive overall economic growth. The PDM, a key government program, focuses on transforming subsistence farming into commercial enterprises.

The initiative underscores the government's commitment to revitalizing the agricultural base, which remains a critical component of Uganda's economy. Enhanced credit access is expected to empower farmers to invest in modern farming techniques and expand their operations, ultimately contributing to food security and increased export earnings.

DistantNews Editorial

Originally published by AllAfrica Uganda. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.