Georgetown: Presidential Grants, an initiative pioneered by former President Bharrat Jagdeo for Amerindian communities will be distributed this year, President Donald Ramotar announced at the opening of the 7th National Toshaos Council (NTC) meeting recently.
Speaking to a large gathering of Toshaos and Senior Councils at the Guyana International Conference Centre (GICC), the Head of State explained that the distribution of the grant could possibly take place before the end of the NTC conference.
Presidential Grants are among several means through which Amerindian communities invest in income generating projects, cover expenses, purchase vehicles, outboard engines and other mobile equipment among other interests.
The Grant has increased significantly over the years owing to growth in the economy. The initiative was established in 2007 with a sum of $150M allocated towards meeting the social and economic needs of 140 communities.
In 2008, the venture continued with an additional 20 communities becoming eligible for the grants resulting in $160M being allocated. During the 2010/2011 period, the subvention increased to $500M.
You must be logged in to post a comment.