DA provides insurance to Typhoon Vinta-ravaged farmers
The Department of Agriculture has turned over emergency and insurance loans to farmers affected by Typhoon Vinta.
In a Facebook post, Agriculture Secretary Emmanuel F. Piñol said the first tranche of insurance payments from the Philippine Crop Insurance Corp. (PCIC) and emergency loans from the Agricultural Credit Policy Council (ACPC), both agencies under the Department of Agriculture on Thursday, was distributed last Jan. 4 in Lanao del Norte.
Rice and corn seeds were also distributed to farmers affected by the typhoon.
The P10 million emergency fund, provided with no collateral and no interest loan fund was also released to a local conduit bank to cover the first 2,000 affected agriculture stakeholders who will receive P5,000 each.