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Blog Post

Recovery Loan Assistance available for farmers and fisherfolks

March 14, 2021 Uncategorized

 

DAVAO DEL NORTE, May 22 (PIA) – The Department of Agriculture (DA) reiterated that it has a “Recovery Loan Assistance” for farmers and fisherfolks known as the Sure Aid and Recovery Project or SURE Covid-19 financing program.

During the #Laging Handa Network Briefing on May 21, 2020, DA Secretary, William Dar, answered Tagum City Mayor Allan Rellon’s query about the financial programs available for the city’s farmers.

“We don’t have cash assistance except for the rice farmers… but we have SURE aid and recovery loan assistance for each farmer or fisherfolk,” Secretary Dar said.

The Sure Aid and Recovery Project or SURE Covid-19 is a DA financing program that aims to “support the government’s goal of helping agricultural households in calamity-affected areas regain their capacity to earn a living; and Provide immediate relief to small farmers and fisherfolk (SFF) through loan and emergency assistance package”, according to DA’s website.

The SURE aid allows farmers and fisherfolks to loan up to P25,000 with zero interest that is payable in 10 years.

It is in addition to the Department of Agriculture’s Rice Farmers Financial Assistance (RFFA) which provides P5,000 cash subsidy to farmers in 33 provinces affected by the Rice Tariffication Law (RTL) and “farmers who are tilling two hectares and below”.

The programs may be availed at the Regional’s Office of Agricultural Credit Policy Council (DA-ACPC) or Regional Office of Department of Agriculture, Dar added.

He also shared that the DA is “enhancing the preparations” for the wet season of rice production.

He asked for the cooperation of local chief executives, municipal agricultural officers, agricultural extension workers, and even the city and provincial agriculturists in planning and implementing the DA’s rice production program. (Jan Vincent Leuterio/PIA XI)

 

 

source https://pia.gov.ph/news/articles/1042628

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