• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
PDM money to be sent directly to Sacco accounts, Ggoobi says 

PDM money to be sent directly to Sacco accounts, Ggoobi says 

September 24, 2022
Rwandan National Apprehended for Operating Unauthorized Soft Drink Factory in Uganda

Rwandan National Apprehended for Operating Unauthorized Soft Drink Factory in Uganda

September 8, 2023
Among orders probe into shs 9 billion spent to teach Ugandans how to drink coffee

Among orders probe into shs 9 billion spent to teach Ugandans how to drink coffee

September 8, 2023
Speaker threatens to slash allowances for absentee MPs

Cure front-bench mischief by throwing ministers out

September 8, 2023
PICTORIAL: Celebrity actress Shadina Blunt has a blast in Uganda!

PICTORIAL: Celebrity actress Shadina Blunt has a blast in Uganda!

September 8, 2023
Kampala roads closed as Museveni marks 79th birthday – #ugnews24

Kampala roads closed as Museveni marks 79th birthday – #ugnews24

September 8, 2023
Samia Suluhu Faces Dollar Crisis Months After Trolling Broke & Begging Neighbour

Watch Ruto Exchange Banter With Suluhu Over Azimio

September 8, 2023

UNAA convention honours Kenzo for 10-year service – Kampala Sun

September 8, 2023

VOA Newscasts

September 8, 2023
Mayanja Brothers Live in Concert: Dates and venue revealed

Mayanja Brothers Live in Concert: Dates and venue revealed

September 8, 2023
Safe Boda launches ‘Plus Ride’ package to enable passengers get Shs1m insurance compensation in case of an accident

Safe Boda launches ‘Plus Ride’ package to enable passengers get Shs1m insurance compensation in case of an accident

September 8, 2023
NDA confirms presence of ARVs in pork and chicken feeds

NDA confirms presence of ARVs in pork and chicken feeds

September 8, 2023
Why are we even here if we can’t protect children?

How we got to accusations of fake bomb threats

September 8, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, October 3, 2023
  • Login
  • Register
UGNEWS24
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • News
    • All
    • Business

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    You can now play Bill Gates’ first PC game and run over donkeys on your iPhone, Apple Watch

    Indonesia’s largest fleet of taxis teams up to beat ride-hailing apps

    Instagram is testing photo albums, because nothing is sacred anymore

    7 February games you should get excited about

    Make yourself feel better by laughing at January’s best news bloopers

    Trump-May special relationship gets special treatment in the streets of London

    GoPro’s Karma drone is back on sale after design flaw made them fall out of the sky

    Of course this novelty ‘Final Fantasy’ fork is an oversized sword replica

    House Republicans Vote to End Rule Stopping Coal Mining Debris From Being Dumped in Streams

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Tech

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
  • Entertainment
  • Lifestyle
    • All
    • Food
    • Recipes
    • Travel

    Rap group call out publication for using their image in place of ‘gang’

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Betterment moves beyond robo-advising with human financial planners

    Trump’s H-1B Visa Bill spooks India’s IT companies

    Magical fish basically has the power to conjure its own Patronus

    How to make perfect vanilla cupcakes

    The ultimate guide to herbal teas

    Making fruit and veg fun for kids

    Getting There is Half the FUN!

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
No Result
View All Result
UGNEWS24
No Result
View All Result

PDM money to be sent directly to Sacco accounts, Ggoobi says 

by admin
September 24, 2022
in Politics
0
PDM money to be sent directly to Sacco accounts, Ggoobi says 
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Cabinet has taken a decision to wire Parish Development Model (PDM) cash directly to beneficiary accounts, according to Finance Ministry permanent secretary and secretary to Treasury Ramathan Ggoobi.

Speaking at the launch of the National Business Development Services strategy framework in Kampala on Wednesday, Mr Ggoobi said now that government had realised that some chief administrative officers (CAO) are misusing PDM money, the next release, which is part of the Shs1 trillion allocation, will be wired directly on accounts of verified Saccos.

“Cabinet has taken a decision, the next release will fly [sent] directly to Sacco accounts. We no longer want middlemen. You have seen some CAOs getting arrested for misusing PDM money. We want to avoid such scenarios,” he said, noting that the National Business Development Services strategy will be key in enhancing the capacity of PDM cash beneficiaries, many of which are micro small and medium enterprises, to ensure that they grow beyond survival to become resilient and competitive. 

Earlier, Mr Ggoobi said, there had been an appropriation of Shs200b as PDM cash in the last financial year passed through local governments, of which Shs186b was a revolving fund.

“That money was not sent because Saccos had not been verified, but towards the end of the last financial year, some people at the district made the decision to send money to some Saccos, which had not been verified,” he said.   

Business Development Services, which remain crucial in supporting enterprise survival and growth, have for a long time lacked a clear framework to guide public interventions, consequently limiting the consistency and impact of the services.

However, Mr Ggoobi, said the National Business Development Services strategy shall address both production and market risks such as pests, diseases, drought and price fluctuations, among other uncertainties’.

“To help farming households overcome price and demand risks, efforts are underway to design and institute structured demand at national and sub-national levels. This will enable households to plan their investments with a reasonable cash flow,” he said.

Government also intends to have ministries, departments and agencies mainstream business development services in their budgeting for new projects and interventions under a policy guideline that shall be developed by the Ministry of Trade.

Mr Ggoobi also noted that mainstreaming business development services in budgeting shall be a precondition on which a budget of a particular ministry, department and agency shall be considered for approval. 

The Business Development Services framework seeks to tackle business enterprise needs covering five functional areas which include leadership and mindset, marketing, operations and quality standards, human resource and financial literacy.

Mr Charles Ocici, the Enterprise Uganda executive director, said the framework is a good start for consumers of business development services to understand where they can access such  services based on their needs.

Enterprise Uganda, which is the main implementer of the framework will be a centre of excellence and reference point for the services.

“We will be able to announce to the country the power of consuming business development services. Many entrepreneurs are struggling with big challenges, but they think it is only them,” Mr Ocici said, noting the centre will be a business clinic where entrepreneurs can share challenges for which solutions shall be sought. 

Enterprise Uganda, which is the main implementer of the framework, will be a centre of excellence and reference point for the services.

“We will be able to announce to the country the power of consuming business development services. Many entrepreneurs are struggling with big challenges, but they think it is only them,” Mr Ocici said, noting the centre will be a business clinic where entrepreneurs shall share challenges for which solutions will be sought. 

Share this:

  • Twitter
  • More
  • Facebook

Like this:

Like Loading...
Tags: 2 days daily monitordaily data monitor apkdaily kashmir monitor epaperdaily monitor 11 june 2019daily monitor 16 april 2019daily monitor 17 june 2020daily monitor 2020daily monitor 22 june 2020daily monitor 25th june 2020daily monitor 29 march 2019daily monitor 2daydaily monitor 30 july 2020daily monitor 31 july 2020daily monitor 3rd august 2020daily monitor addis ababadaily monitor appdaily monitor autodaily monitor ben rutabanadaily monitor businessdaily monitor cartoondaily monitor columnistsdaily monitor commentarydaily monitor contactsdaily monitor corona updatesdaily monitor covid 19daily monitor current newsdaily monitor daily newsdaily monitor dec 12 2009daily monitor editordaily monitor education newsdaily monitor epaper appdaily monitor excel in pledaily monitor exchange ratesdaily monitor facebookdaily monitor football newsdaily monitor for fridaydaily monitor for today 2019daily monitor for today newsdaily monitor friday jobsdaily monitor head officesdaily monitor heart to heartdaily monitor house plansdaily monitor internshipdaily monitor jobs in uganda 2020daily monitor jubadaily monitor kampaladaily monitor latest newsdaily monitor lettersdaily monitor logodaily monitor los alamosdaily monitor makerere universitydaily monitor mobiledaily monitor mobile todaydaily monitor monday jobsdaily monitor musevenidaily monitor news live nowdaily monitor news paper headlinesdaily monitor news paper uganda of todaydaily monitor newspaper ugandadaily monitor nssfdaily monitor ofdaily monitor of today ugandadaily monitor of yesterdaydaily monitor online newsdaily monitor online paperdaily monitor op eddaily monitor praguedaily monitor prosperdaily monitor rate carddaily monitor rncdaily monitor seeds of golddaily monitor single and searchingdaily monitor south sudandaily monitor south sudan newsdaily monitor subscriptiondaily monitor tendersdaily monitor today 2020 jobsdaily monitor today thursdaydaily monitor today tuesdaydaily monitor tomorrowdaily monitor top stories todaydaily monitor u gdaily monitor uace resultsdaily monitor uganda bobi winedaily monitor uganda contactsdaily monitor uganda coviddaily monitor uganda jobs todaydaily monitor uganda sportsdaily monitor uganda twitterdaily monitor uganda wivesdaily monitor updatedaily monitor websitedaily monitor.co.ugdaily monitor/besigyedaily monitoring deurasia daily monitor volumemark x daily monitormonitor daily bumpsmonitor daily vendor finances.sudan daily monitorthe daily monitor epaperthe daily monitor of ugandathe daily monitor today news
Share196Tweet123
Previous Post

4.4M Americans Roll Up Sleeves for Omicron-Targeted Boosters

Next Post

3 Months After Court Ruling, Uncertainty Persists Over Abortion Legal Status

admin

admin

Next Post

3 Months After Court Ruling, Uncertainty Persists Over Abortion Legal Status

Leave a ReplyCancel reply

UGNEWS24

Copyright © 2017 JNews.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

Copyright © 2017 JNews.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
%d bloggers like this: