Gvt has recovered over US$50 million from command agriculture beneficiaries, 70 % of loans issued in 3 years, Mthuli Ncube has told Parliament.

Government has recovered more than $50 million from command agriculture beneficiaries, a figure that represents 70 percent of the total money loaned in the past three years, Finance and Economic Development Minister Professor Mthuli Ncube has told Parliament.
The 30 percent beneficiaries who have defaulted repayment were now set to be blacklisted and no further assistance will be extended to them.
Prof Ncube said this in the National Assembly last week during question and answer session. Harare East Member of Parliament, Mr Tendai Biti (MDC Alliance) had asked how much Government had recovered from command agriculture between 2016 and 2018.
“Basically, the amount recovered for the season 2016 to 2018 is, out of 44 617 farmers is $50.2 million. For the season 2017 to 2018 for maize again, we had 35 756 farmers and the amount recovered was $19.7 million. Then for the wheat planting season of 2017, we have 2 270 farmers and what was recovered is US$13.7 million. Then for the wheat planting season for 2018, we have 74 847 farmers. Then for soya beans for the season 2017/2018 from 2 041 farmers, it is US$1.5 million,” said Prof Ncube. Source – the herald

Gvt has recovered over US$50 million from command agriculture beneficiaries, 70 % of the total money loaned in 3 years, Mthuli Ncube has told Parliament.
Government has recovered more than $50 million from command agriculture beneficiaries, a figure that represents 70 percent of the total money loaned in the past three years, Finance and Economic Development Minister Professor Mthuli Ncube has told Parliament.
The 30 percent beneficiaries who have defaulted repayment were now set to be blacklisted and no further assistance will be extended to them.
Prof Ncube said this in the National Assembly last week during question and answer session. Harare East Member of Parliament, Mr Tendai Biti (MDC Alliance) had asked how much Government had recovered from command agriculture between 2016 and 2018.
“Basically, the amount recovered for the season 2016 to 2018 is, out of 44 617 farmers is $50.2 million. For the season 2017 to 2018 for maize again, we had 35 756 farmers and the amount recovered was $19.7 million. Then for the wheat planting season of 2017, we have 2 270 farmers and what was recovered is US$13.7 million. Then for the wheat planting season for 2018, we have 74 847 farmers. Then for soya beans for the season 2017/2018 from 2 041 farmers, it is US$1.5 million,” said Prof Ncube. Source – the heraldINFORMATION IS POWER!-Please email all your articles, photos and breaking news, to newzimbabwe.vision@yahoo.com ,linkedin.com/in/sibusiso-ngwenya-563a572b or whatsapp to Mr Sibusiso Ngwenya 0044 79 3 9100534 for publication on the constantly growing online groups, currently standing as follows1)Zimbabwe News 4 us Zimbabweans 193,003Members2)ZIMBABWE NEWS, BUILDING A PROSPEROUS POST 2018 VISION 32,171 Members3) New Zimbabwe Vision group 18,664 members4) Newzimbabwevision.com website 22,798 likes22,795 followers.
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