DA opens P500-M loan for typhoon-affected farmers at NorMin
CAGAYAN DE ORO CITY – The Ministry of Agriculture in Northern Mindanao (DA-10) has allocated a loan of PHP 500 million to farmers in the region affected by Typhoon “Odette” last year.
In a statement on Monday, DA-10 executive director Carlene Collado said the fund is part of the Farm Credit Policy Council (ACPC) whose implementation is guided by the Farm Credit Assistance Program. Survival and Recovery (Sure) across the country, including parts of northern Mindanao that were declared in a state of calamity after the typhoon entered the country in December 2021.
“Of the total amount, we have an allocation for Region 10 amounting to PHP75-M in support of the government’s objective to assist farming households hard hit by the typhoon,” he said. .
Data from DA-10 indicated that the region has a total of 17,000 farmers and fishermen affected due to the “Odette” onslaught.
Under the Sure scheme, smallholder farmers and fishers can borrow without interest or collateral, while the loan amount is repayable for up to three years, with only one borrower allowed per household.
Noel Clarence M. Ducusin, Head of DA-ACPC Program Development Division and Head of Visayas-Mindanao, said the loan proceeds are intended to provide relief and assistance for the rehabilitation of agricultural and fishing activities of the farmers and fishermen reached thanks to a credit for the purchase of production inputs. , the repair of agricultural or fishing assets and the acquisition of livestock or draft animals.
Priority will be given to farmers and fishers identified and approved by provincial and local government agriculture offices and duly registered in the Registration System for Basic Sectors of Agriculture (RSBSA) and registration program fishermen.
DA-10 Technical Director Carlota S. Madriaga said no calamity or pandemic can impede the agency’s services, especially during these challenging times when the agency is needed most.
“It’s our way of helping our small farmers and fishermen, as they play a crucial role in ensuring food availability and security in our region,” she said. (NAP)