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The Department of Agriculture (DA), through its Agricultural Credit Policy Council (ACPC), has allotted an additional P300 million (M) for lending to backyard and semi-commercial raisers in “green zones” or areas free from the African Swine Fever (ASF).
The P300 M will help finance swine projects in four ASF-free areas in Regions 4-B (MIMAROPA), 6 (Western Visayas), 7 (Central Visayas), and 9 (Zamboanga Peninsula).
Eligible borrowers include individual, start-up, and existing semi-commercial swine raisers (SCSR), small enterprises, and farmers’ cooperatives and associations (FCAs). Individual borrowers can avail of up to P300,000, start-up SCSR up to P1 M, existing SCSR up to P3 M, and small enterprises and FCAs up to P15 M. The loan has zero interest, and is payable up to five years.
Last year, the DA-ACPC initially allotted P500 M for lending to backyard raisers and micro and small enterprises (MSEs) under its ANYO program. As of August 31, 2021, the ACPC has lent P157.18 M to 1,660 small hog farmers and MSEs.
Agriculture Secretary William Dar said the “OneDA Family” has to date allotted P3 billion (B) to revive the country’s swine industry. It includes the P800-M lending program, P1.2-B fund for the “Bantay ASF sa Barangay” and P872 M for INSPIRE or Integrated National Swine Production Initiatives for Recovery and Expansion program.
September 13, 2021/ Department of Agriculture/ Philippines.
https://www.da.gov.ph/
