Philippine News Agency
Aid for storm-hit farmers, fishers nears P1.2-B
The Department of Agriculture (DA) has allocated nearly PHP1.2 billion in aid for farmers and fishers affected by Severe Tropical Storm Crising and the enhanced southwest monsoon.
Initial assistance includes PHP545.56 million worth of seeds for rice, corn, and vegetables to farmers in several affected regions.
The Agricultural Credit Policy Council (ACPC) has allocated PHP400 million for its Survival and Recovery (SURE) loan program, offering up to PHP25,000 per borrower payable over three years.
The Philippine Crop Insurance Corp. (PCIC) has allocated PHP268 million for indemnification to 45,980 insured farmers, with payments starting next week.
These interventions are already prepositioned for distribution, according to DA spokesperson Assistant Secretary Arnel De Mesa.
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