LINGAYEN–Some 2,000 farmers from various towns in Pangasinan received loan assistance of P15,000 each under the Expanded Survival and Recovery Assistance Program for Rice Farmers of the national government, also known as SureAid, during its launching on Oct. 30 at the Sison Auditorium.
The launching was led by Gov. Amado Espino III, represented by Board Member Liberato Villegas, Land Bank Northern and Central Luzon Lending Group head Filipina Monje and DA Executive Regional Director Lucrecio Alvear Jr.
Villegas said this was only the first batch of beneficiaries of the SureAid program in Pangasinan, and other farmers will soon receive theirs from their respective local governments.
Ilaga said the P15,000 loan assistance was launched to help farmers tilling rice land from one hectare and below with no collateral whatsoever, at zero interest payable up to eight years.
Distributed to the farmers were LandBank SURE Aid Cash cards pre-loaded with P15,000 cash.
Monje said that the government has allocated a total of P2.5 billion as loan assistance to all qualified farmers throughout the country.
In the same forum, Monje announced that LandBank recently launched the program “PAlay aLAY sa Magsasaka sa Lalawigan” (Palay ng Lalawigan) that lends funds to provincial/city/municipal governments to procure palay from local farmers. LandBank initially earmarked P10 billion to fund the program.
Ilaga said eligible LGUs may avail of the program for the procurement of palay at 2% interest per annum to supplement the procurement activities being undertaken by the National Food Authority (NFA) during the current rice harvesting season. (Leonardo Micua)
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