Over 3,000 benefit from Agricultural Credit Facility

This initiative allows farmers to access ACF to a sum of shillings 20 million without the need for registered collateral typically required in conventional banking.

PREMIUM Business

The Ministry document detailed that funds under the ACF have been disbursed for the acquisition of agricultural machinery to increase farm production and productivity,.

By NewVision Reporter

Journalists @NewVision

#Budget statement #Agricultural Credit Facility #Bank of Uganda #Ministry of Finance

_________________

The Bank of Uganda has disbursed shillings 859 billion in Agricultural Credit Facility (ACF), the Ministry of Finance has revealed.

“Over the last 14 years of administering

Over 3,000 benefit from Agricultural Credit Facility

This initiative allows farmers to access ACF to a sum of shillings 20 million without the need for registered collateral typically required in conventional banking.

The Ministry document detailed that funds under the ACF have been disbursed for the acquisition of agricultural machinery to increase farm production and productivity,.

By NewVision Reporter

Journalists @NewVision

Related Stories

Uganda shilling holds stable to US dollar

Economy registers growth, plans to bolster it outlined

Sh72.36tn Budget hailed for powering grassroots growth, financial inclusion

Back to the basics of budgeting