Interest-free large-scale loans for grain and animal-feed farmers. Government pays the interest, so farmers borrow at no cost.
What it is
The Large-Scale Agricultural Financing Scheme gives big farmers access to money through government-owned commercial banks. The standout feature: the loan comes at no cost to the farmer because government pays the interest.
Who qualifies and how it has performed
- Open to farmers with 50 acres and above.
- Focused on grain and animal feed production.
- UGX 169 billion lent out so far.
- UGX 41 billion paid by government in interest on behalf of farmers.
It is described as one of the most successful government financing programmes to date.