Museveni to Launch Students' Loan Scheme

drugs sans-serif; font-size: small; line-height: 200%;”>Alupo was today addressing over 200 RDCs, abortion DRDCs, RISOs, and RPCs currently on a one week retreat at the National Leadership Institute (NALI), at Kyankwanzi.

Following the passage of the law to govern the students’ loan scheme, Cabinet has also approved the Governing Board for the scheme.

The loan scheme has received an initial amount of Shs 5bn to cater for over 1,000 students at university especially those who are specializing in science subjects.

Government has also fulfilled all the eleven demands that UNATU, the teachers’ umbrella organisation put to government, among them actualising the Shs 5bn this financial year for the teachers’ SACCO.

In total government pledged Shs 25bn over the next five financial years to capitalise the teachers’ SACCO so that they are enabled to access low cost financial services and loans.

Currently, Alupo said many teachers abscond from school because they are evading arrests after defaulting on loans borrowed from banks and other money lenders at exorbitant commercial rates.

Last financial year (2012/13) teachers received 15 percent salary increment, while next financial year 2014/15, government will give 25 percent salary increment to the teachers.

The 25% brings the overall increment to 40% which is now only 10% shy of the 50% salary increment that government promised to the teachers.

Alupo cautioned education institutions undertaking UPE and USE from sending away pupils who have not paid additional charges being demanded by schools and said sending away of sending is illegal.

A cabinet paper on school feeding programme has been approved and will soon be laid before parliament, Alupo said, so that the issue of feeding school children can be effectively addressed.


Header advertisement
To Top