By SHARON ZULU
GOVERNMENT has injected K300 million into Public Service Micro Finance Company (PSMFC) for the acquisition of farming inputs and all forms of livestock and other mechanisation equipment.
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Announcing the development, President Hakainde Hichilema says the loans would be offered at only 9 percent interest rates.
The Head of State said the funds have been injected into the PSMFC to ensure an immediate uptake and increased agricultural production in the 2023/2024 farming season.
President Hichilema said for the first time, men and women in uniform had also been given access to the empowerment funds.
“Your government, through the Public Service Micro Finance Company (PSMFC) has increased funding for loans to public service workers, specifically for the acquisition of farming inputs, all forms of livestock, and other mechanisation equipment. These loans are offered at just 9% interest per annum.”
“We have injected an initial K300 million into the PSMFC to ensure an immediate uptake and an increased agricultural production in the coming farming season.
For the first time, our brave men and women in uniform have also been given access to these empowerment funds,” President Hichilema said.
Presdent Hichilema urged the beneficiaries of the facilities to consult widely and acquire the correct farming materials, as government was working to increase agriculture production across the country.
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