State-run Land Bank of the Philippines (LandBank) opened a P333.3-million credit facility which coconut farmers can tap to boost their working capital and increase production.
Under the Coconut Farmers and Industry Development Lending Program, eligible coconut farmers and associations can use the financing for projects such as the establishment of intercrops and poultry or livestock integration in their farms.
The lending program comprises P83.3 million from LandBank funds, and P250 million from the Credit Component Allocation under the Coconut Farmers Industry Trust Fund enacted in February 2021. “LandBank remains committed to providing accessible and affordable credit to coconut farmers nationwide to help improve their livelihood,” she added.LandBank is mandated to promote countryside development while remaining financially viable. It implements the comprehensive agrarian reform program , provides assistance to small farmers and fisherfolk, and serves as an official depository of government funds.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
King Charles state visit to France postponed amid violent pension protestsKing Charles's state visit to France has been postponed amid planned protests over the French government's controversial pension reforms.
Read more »
Islamic State group kills 15 truffle hunters in Syria: monitorBEIRUT, Lebanon - The Islamic State group killed 15 people foraging for desert truffles in conflict-ravaged central Syria by cutting their throats, while 40 others are missing, a war monitor said Friday.
Read more »
King Charles’ state visit to France postponed after violent protestsThe postponement will be a major embarrassment to French President Emmanuel Macron, who had hoped the UK monarch’s visit would mark a symbolic step in the two countries’ efforts to turn a page after years of poor relations post-Brexit.
Read more »
23 Calapan villages placed under state of calamityTwenty-three coastal villages in this city were placed under a state of calamity after the oil spill from the sunken MT Princess Empress reached the locality last week, authorities said. | kdevillaINQ mvirolaINQ /PDI
Read more »
Samar State U student reported missingA 22-year-old student from Samar State University (SSU) has been missing since March 23. ManilaBulletin
Read more »
23 coastal villages in Oriental Mindoro placed under state of calamityCALAPAN CITY, Oriental Mindoro: The massive oil spill in the province continues to wreak havoc to residents here as the city government placed 23 coastal villages under a state of calamity.
Read more »