Kenyan Government to Disburse Ksh26 Million to Dairy Farmers Through New KCC
Source: The DairyNews
The Kenyan government has announced plans to release Ksh26 million in payments to dairy farmers across the country to settle outstanding debts owed to milk producers.
Patrick Kilemi, the Principal Secretary for Cooperatives, revealed the initiative during his appearance before the National Assembly Committee on Cooperatives. He assured that arrangements are underway to disburse the funds owed to farmers associated with New Kenya Cooperative Creameries (New KCC) through cooperative societies, with the aim of bolstering stability in the agricultural sector.
The decision to expedite payments follows growing pressure from farmers due to prolonged delays in receiving their dues. Mr. Kilemi addressed concerns raised by committee members regarding the allocation and distribution of the cherry revolving fund intended for coffee farmers, reaffirming the government's dedication to implementing measures to ensure timely compensation for farmers.
Amidst challenges such as indebtedness and market fluctuations faced by farmers, prompt payments have become imperative to alleviate financial strains and uncertainties within the agricultural sector.
In response to queries regarding the cherry revolving fund's allocation mechanisms, Kilemi assured the Committee of ongoing governmental efforts to streamline the disbursement processes, emphasizing transparency and efficiency. He reiterated the government's commitment to creating a conducive environment for the agricultural community's prosperity.
The injection of financial support aims to rejuvenate the dairy sector, which plays a pivotal role in Kenya's economy. By providing farmers with the necessary resources to sustain their operations and overcome market challenges, the government seeks to fortify the resilience of the agricultural industry.
The decision to expedite payments follows growing pressure from farmers due to prolonged delays in receiving their dues. Mr. Kilemi addressed concerns raised by committee members regarding the allocation and distribution of the cherry revolving fund intended for coffee farmers, reaffirming the government's dedication to implementing measures to ensure timely compensation for farmers.
Amidst challenges such as indebtedness and market fluctuations faced by farmers, prompt payments have become imperative to alleviate financial strains and uncertainties within the agricultural sector.
In response to queries regarding the cherry revolving fund's allocation mechanisms, Kilemi assured the Committee of ongoing governmental efforts to streamline the disbursement processes, emphasizing transparency and efficiency. He reiterated the government's commitment to creating a conducive environment for the agricultural community's prosperity.
The injection of financial support aims to rejuvenate the dairy sector, which plays a pivotal role in Kenya's economy. By providing farmers with the necessary resources to sustain their operations and overcome market challenges, the government seeks to fortify the resilience of the agricultural industry.
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