Government unveils Shs165b poverty eradication scheme

Minister of State for Microfinance Haruna Kasolo (left) looks on as the Presidential adviser of Youth Empowerment, Mr Hillary Musoke, signs a placard at the launch of the presidential initiative scheme in Entebbe July 9, 2020. PHOTO ABUBAKER LUBOWA

What you need to know:

  • Mr Abdul Bisaso, a technical personnel on the Emyooga committee, said if a manager steals people’s money, government will compensate that Sacco and deal with the defaulter.

Government has unveiled a Shs165.7b poverty eradication plan slated to alleviate Ugandans from poverty.
The new scheme dubbed ‘Emyooga’ targets Ugandans in the informal sector clustered in 18 groups.
The money that is slated to be managed by Microfinance Support Centre under the coordination of the Ministry of Finance, will be shared among beneficiaries in all sub-regions, when they meet the requirements.

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