GOVERNMENT AND POST BANK CONTINUE WITH THE DISTRIBUTION OF PDM FUNDS.

government OF uganda has released more money towards its household poverty alleviation initiative, the Parish Development Model. this was confirmed by the prime minister Ribinah Nabanja. AMBIENCE. Unlike before, the beneficiaries of funds will recieve funds on their phones usisng the the mobilewallt app. post bank Uganda the the government distirbution partner announced that each meber who is ligigble willl in earnest recieve funds for devoloppement . byte The amount totaling up to UGX 267 Billion was disbursed among 5,322 government-identified and vetted SACCOs country-wide with each earmarked to receive UGX50M. post bank received the latest batch of money from government on Tuesday, 09th April, to distribute to over 5000 SACCOs around the country covering over 100 districtsBYTE. Kiyingi further revealed that the cash-disbursement process leveraged the Wendi platform for the quick allocations countrywide. PostBank was identified as a key player in the distribution of the PDM cash to recipients countrywide. This begged for a fast and effective e-platform to compliment the brick-and-mortar bank branch network, as the latter would present operational shortcomings. BYTE The parish development model seeks to propel the 39% of Uganda’s population still stuck in the subsistence economy, into the money economy. The model was designed to follow a logical pattern of key processes, including building infrastructure and systems that support processing and marketing, strengthening participatory planning by local communities, and providing access to financial services to households that operate in the subsistence economy. ENDS TAG 267 Billion was disbursed among 5,322 vetted SACCOs