WeCreativez WhatsApp Support
The MegaFM team is here. Please send any message or question

President Museveni Directs for Extension of Grace Period of PDM, Emyooga Loans

President Museveni meets Mzee Eriasafu Michwe, one of his Old Boys (OBs) from Kyamate Primary School. This was at Masaka Liberation Square on Tuesday. PPU Photo

President Yoweri Kaguta Museveni has directed that the grace period for beneficiaries of the Parish Development Model-PDM and Emyooga programs to pay back their loans be extended to two years.

In this financial year, the government started the program of organizing and delivering public and private sector intervention for wealth creation and employment generation at the parish level as the lowest economic planning unit.

The PDM has coincided with the new Presidential Wealth and Job Creation Initiative, Emyooga which was launched in 2019, targeting specialized enterprise groups at constituency levels.

Speaking to leaders from the Greater Masaka sub-region on his monitoring tour of the government programs on Tuesday, President Museveni expressed pessimism that the two programs may fail to meet their intentions, if the beneficiaries are rushed to pay back the loans.

He directed the implementing ministries and departments to extend the grace periods of both programs to two years before the beneficiaries begin paying back the loans.

Leave a Reply

Your email address will not be published.

scroll to top