DA-ACPC turns over add'l P1B to LandBank for lending to small farmers, fishers

QUEZON CITY, Dec. 17 --  The Department of Agriculture (DA), through the Agricultural Credit Policy Council (ACPC), turned over to the Land Bank of the Philippines (LANDBANK) P1 billion as additional funding for emergency loans to small farmers and fisherfolk.
In a virtual ceremony held on December 15, 2020, Agriculture Secretary and DA-ACPC Chair William Dar turned over to LANDBANK, represented by its President and CEO Cecilia Borromeo, the new funds for the Expanded SURE Aid and Recovery Project or SURE COVID-19, which is funded under the Bayanihan to Recover as One Act or Republic Act 11494.
The SURE COVID-19 loan window is part of the DA’s Plant, Plant, Plant Program or the Ahon Lahat, Pagkaing Sapat (ALPAS) Kontra COVID-19 Program that aims to increase the country’s food adequacy level.

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