The government has allocated a total of Sh billion 811 to every village in Tanzania

The government has allocated a total of Sh billion 811 to be used to implement the commitments of President John Magufuli of amassing every village Sh 50 million for development activities. It is reported that the government has begun to engage various stakeholders to get feedback on how to run the program efficiently and effectively.
Executive Secretary of the Council of Economic Empowerment (NEEC) said the government will begin to withdraw funds from the next fiscal year. He was speaking to journalists at the weekend after a meeting of stakeholders who were negotiating a draft of the plan of financing for development. The meeting was attended by representatives of the district councils, the Bank of Tanzania (BoT), the Foundation for Community Development (TASAF), banks, pension funds community and various groups. "Initially, these funds will be released in three phases over the past five years," he said. He said the funds will be provided through the bank before the release of various groups like Coba, SACCOs and other groups according to established procedures. He said the program will start with 10 regions behind in the use of financial services based on information research FinScope 2013. Regions that are Singida, Lindi, Mtwara, Mbeya, Shinyanga, Geita, Kagera, Dodoma, Rukwa and Ruvuma. Opening the conference, Minister of State in Prime Minister's Office, Policy, Relations of the Parliament, Labour, Employment, Youth and Disabled, Jenista Mhagama, said the meeting was aimed at getting the views of the experts how best to implement it. Speaking on behalf of the Minister, Acting Director, Private Sector Development, Investment and Empowerment, Office of the Prime Minister, Victor Mwainyekule said the ideas will be considered to improve the program aimed at fighting poverty. Head of Operations, Women's Bank (TWB), Zablon Yebete said the program is a great investment for Tanzania which should be backed by financial institutions and other stakeholders in the country. "We need to support this initiative involving financial instruments for its implementation for the benefit of the nation," he said. According to the plan, beneficiaries will be trained in entrepreneurship before receiving the funds.