Shs 176 Billion Financing Scheme For Private Large-Scale Commercial Farmers Launched

Finance Minister Matia Kasaija recently announced the launch of this new financing scheme for private large-scale commercial farmers, designed to provide timely, affordable, and accessible financial resources to farmers who are at the heart of our agricultural economy.

This financing mechanism will support private large-scale commercial farmers to produce 132,600 metric tons (MT) of maize, beans, soya beans, sorghum and animal feeds on a total proposed acreage of 114,661 acres.

This will be implemented by having Government-owned financial institutions (Pride Microfinance, Post Bank and Housing Finance) provide a principal amount of Shs176 billion, and the Government of Uganda (GoU) meeting the corresponding interest component of Shs 40 billion annually.