By The Financial District
Apr 71 min
The government extends PHP362.56 million in financial assistance to farmers through the Rice Farmers Financial Assistance (RFFA) program, supporting their livelihood amidst challenges.
Expanding the reach of solar-powered irrigation systems in major rice-producing areas ensures stable irrigation, adequate water supply, and drought resilience for farmers. I Photo: Department of Agriculture
Furthermore, the Agricultural Credit Policy Council (ACPC) earmarks PHP 500 million under the Survival and Recovery (SURE) Loan Program, aiding 20,000 borrowers, including farmers and fisherfolk, expected to face calamities in 2024.
Expanding the reach of solar-powered irrigation systems in major rice-producing areas, the National Irrigation Administration ensures stable irrigation, adequate water supply, and drought resilience for farmers.
Water regulatory bodies like the Local Water Utilities Administration (LWUA), Metropolitan Waterworks and Sewerage System (MWSS), and the National Water Resources Board (NWRB) implement programs to secure water supply amid the El Niño season nationwide.
To mitigate electricity price hikes, the government advocates for distribution utilities' participation in the Anti-Bill Shock Program.
This initiative enables electric cooperatives to stagger rate adjustments, shielding end-users from sudden increases in electricity rates.
Additionally, the Lifeline Rate Subsidy Program, effective since January 2024, offers eligible consumers a 100% discount on monthly bills, ensuring the marginalized sector is shielded from the impact of high electricity prices.