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Bacolod City, Philippines Tuesday, June 10, 2014
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P176M in grants released
to 41 ARB organizations

The Agrarian Production Credit Program of the Department of Agrarian Reform has released P176 million in grants to 41 Agrarian Reform Beneficiary Organizations in Southern Negros Occidental since it started in January last year.

Edna Villaruel, Agrarian Reform officer 2, also said 4, 219 farmer-members of these ARBOs benefitted from the grant released by DAR.

Villaruel said 9 ARBOs, 12 from Kabankalan City, 9 from the town of La Castellana, 7 from Pontevedra, three each fom the cities of Himamaylan and La Carlota and one each for the towns of Cuayan, San Enrique and Pulupandan and from the cities of Bago and Bacolod.

She said DAR, through APCP, will also set to release P19.5 million in additional grants to 7 ARBOs with 867 members from the cities of Bago, Kabankalan and Himamaylan and from the towns of Hinoba-an and Isabela are due for release this year.

Villaruel added that the loan request of the three ARBOs from the towns of Moises Padilla and Hinigaran and Bag City of P3.6 million is being processed.

Under the program, the Department of Agriculture will provide basic support and services, such as marketing assistance and technology packages to qualified ARB organizations while DAR will be at the helm of identifying eligible ARBs or ARB household members to LBP.

DBM Secretary Florencio Abad had said earlier that APCP will help ensure the sustainable and effective production of crops nationwide, in addition to boosting the income of farmer-beneficiaries.

Abad noted that before the launching of APCP, agrarian reform beneficiaries had received meager credit assistance, resulting in limited crop production and slower economic growth among beneficiary households.*APN

 

 

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