DA provides P30M loan aid for Taal-hit farmers, fishers

The Department of Agriculture (DA) is ensuring assistance for farmers and fishermen impacted by the Taal Volcano eruption.

Agriculture Secretary William Dar prioritized the safety of farmers, fishermen, their families, and livestock.

Through the Agricultural Credit and Policy Council (ACPC), the DA is offering P30 million in loan assistance to 1,200 affected farmers and fishers under the Survival and Recovery (Sure) aid program.

This emergency loan comes with zero interest and is payable in three years, with the Mount Carmel Rural Bank facilitating the distribution.

Affected individuals can also avail of higher loan amounts under the micro and small agribusiness program.

The DA's Philippine Crop Insurance Corp. will also fast-track the release of insurance benefits for affected farms.

President Rodrigo Duterte has distributed P160 million worth of agriculture, fishery, and livelihood aid to those affected.