Garcia releases P3.5M loan for Dinalupihan farmers

Garcia releases P3.5M loan for Dinalupihan farmers

Garcia releases P3.5M loan for Dinalupihan farmers

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DINALUPIHAN, Bataan – Seventy farmers from different barangays of this first-class municipality, the third batch of farmers, have received checks from the Production Loan Easy Access (PLEA) program of the Department of Agriculture (DA) in a simple ceremony held yesterday at the Executive Hall here.

Mayor Maria Angela S. Garcia and Sangguniang Bayan members led by Vice Mayor Renato Matawaran led the distribution of checks worth P3.5 million, P50,000 for each farmer/beneficiary.

The loan from PLEA has only 6% interest per annum and payable in two years. Dinalupihan Multi-Purpose Cooperative (DMPC) was chosen to be the conduit of the DA for the processing of payments and other related financial transactions.

The province of Bataan received P83 million from the said program. Ten million pesos was released initially for Dinalupihan.

At present, there are thirty three barangay farmers associations in this town with 850 members. Dinalupihan has almost 3,000 farmers. Garcia urged the chairmen of these groups to convince other farmers to be their members to avail more programs like this from the national government.

As of yesterday, a total of P8.1 million was distributed to 162 farmers of Dinalupihan since they started the processing and distribution of checks last month.

The loan program is the flagship lending program of the DA with a P50-billion allocation for next year’s budget, is expected to be fully implemented nationwide by 2018.

Apart from increasing agricultural productivity, the program also aims to reduce and eventually eliminate the dependency of farmers on government subsidies and dole outs and contribute to the administration’s target of reducing national poverty by the end of 2022.

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