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May 19, 2021
Highlands News

Kainantu District’s Agricultural Credit Scheme

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Kainantu District is ready to develop the SME Sector with support from the National Development Bank.

Local MP and Vice Minister for Public Enterprises, Johnson Tuke used K1 million from the District Services Improvement Fund to purchase seven trucks for agricultural purposes and start the Credit Scheme.

This is the first of its kind for the District in the last 20 years.  

The vehicles were equipped with Lucas Sawmills while the earth-moving machines will be used to fix feeder roads in the District.

Member for Kainantu and Vice Minister for State Enterprise, Johnson Tuke, deposited K1 million from DSIP funds with the National Development Bank in Goroka.

With these, the District was able to purchase the vehicles and start the credit scheme for people to borrow money from the bank and start their small businesses.

He told them, for too long they have stopped development by demanding for compensation and urged them to change this mentality as the District was ready to see more developments in the coming months.

National Development Bank Manager for Goroka Branch, Nigel Anton told the people that their Member was the first to put funds for the NDB Agriculture Credit Scheme.

The District Credit Scheme with NDB and the District Machinery are the first in two decades for the District. For the women, it was a blessing as highlighted by Women Farmers Spokesperson Jacobeth Tipiso. She wanted the Scheme to include Horticulture as the weather in Kainantu was suitable to grow this sector.

The NDB Agriculture Scheme is available to the people however, registered groups are preferred to ensure the community benefits instead of individuals.

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