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.
Under the PDM, each parish is organized into a cooperative society, which is directly funded with 100 million Shillings. The money is supposed to be revolved among the members to support their income-generating enterprises.
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.
Each of the constituencies was mobilized into 19 Savings and Credit Cooperative Societies that are each funded with 30 million Shillings that is also supposed to operate as a revolving fund.
