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Provide loans to agriculture sector

SECTOR: Agriculture SONA YEAR: 2022 Provide loans to agriculture sector PROMISE STATUS - DATE: Fulfilled as of 07/17/2023 Under the Marcos administration, the agricultural credit and financing programs of the Department of Agriculture (DA) continued. Data from the DA’s Agricultural Credit Policy Council shows that from July 2022 to May 2023, disbursements already amounted to

By vfadmin

Jul 5, 2024

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SECTOR: Agriculture

SONA YEAR: 2022

Provide loans to agriculture sector

PROMISE STATUS - DATE: Fulfilled as of 07/17/2023

  • Under the Marcos administration, the agricultural credit and financing programs of the Department of Agriculture (DA) continued. Data from the DA’s Agricultural Credit Policy Council shows that from July 2022 to May 2023, disbursements already amounted to over P4 billion and about 59,610 farmers, fisherfolks and micro and small enterprises benefited from these loan programs.
  • In November 2022, following Marcos’ directive, DA distributed additional fertilizer assistance to rice farmers nationwide. In March 2023, the agency rolled out a special loan program for onion farmers.
  • Last June 16, Marcos led the turnover of 20,000 metric tons of urea fertilizer he secured from China in January through a cooperation agreement with the Philippine International Trading Corporation.

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