DA to provide emergency loans to farmers, fishermen affected by Taal eruption
The Department of Agriculture (DA) said it will provide emergency loan to farmers and fishermen that will be affected by Taal volcano eruption.
Right now, DA, particularly DA Regional Field Office 4A and the Bureau of Fisheries and Aquatic Resources Region 4-A or CALABARZON field offices, is closely monitoring the situation in Taal.
“We have instructed both DA RFO 4A Director Arnel de Mesa and BFAR 4A Director Sammy Malvas to provide immediate updates on the risk areas, affected farmers, fisherfolk and their families, and appropriate assistance,” said Agriculture Secretary William Dar.
The Department, through the Agricultural Credit and Policy Council (ACPC), is also ready to provide an emergency loan assistance to affected farmers and fisherfolk.
“We can provide an emergency loan of P25,000, zero interest, payable in three years, under the Survival and Recovery (SURE) loan program,” said Dar.
Dar added that affected farmers and fisherfolk may have an option to borrow a higher amount under the recently-launched Micro and Small Agribusiness Program.
Moreover, DA-ACPC Executive Director Jocelyn Badiola told that their office is ready with the funds and it has existing conduits in Batangas.