NAKASEKE RECOVERS JUST 0.44% OF SHS6.46BN PDM FUNDS

NAKASEKE RECOVERS JUST 0.44% OF SHS6.46BN PDM FUNDS

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Nakaseke District has recovered only Shs28.2 million from Shs6.46 billion expected under the Parish Development Model (PDM) revolving fund, raising concerns over the recovery of government funds.

The figures were presented to Parliament’s Public Accounts Committee (Local Government) last week during scrutiny of the district’s PDM implementation.

The committee heard that about Shs25 billion had been disbursed to Savings and Credit Cooperative Organisations (SACCOs) in Nakaseke, benefiting approximately 2,500 families.

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However, the recovery reported so far represents less than one per cent of the Shs6.46 billion expected, prompting concern among legislators over the sustainability of the revolving fund.

“If Nakaseke alone has been given Shs25 billion and they have failed to recover even Shs100 million in the first phase of recovery, how are other districts performing on the Parish Revolving Fund?” asked Hon. Betty Nambooze.

The committee is expected to seek clarification from district officials on the low recovery rate and measures being taken to ensure beneficiaries repay the funds so they can continue revolving among other households.

Photos By Parliament
 
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