DA-ACPC turns-over checks worth P20M for production loan assistance
The Department of Agriculture through the Agricultural Credit Policy Council’s (ACPC’s) Production Loan Easy Access (PLEA) Program has turned-over check worth Php20M to the Nueva Segovia Consortium of Cooperatives (NSCC) as credit conduit of farmers engaged in onion and garlic growing in the Ilocos Region
The PLEA program is a special credit program designed by the DA to provide fast, convenient and affordable credit window for farmers and fisherfolk. A nationwide program that is collateral-free, with 6% annual interest rate, the program provides to eligible farmers a maximum of P50,000 as production capital.
In a turn-over ceremony held on October 20, 2017 at the NSCC Facility in Caoayan, Ilocos Sur, First Legislative District Representative Deogracias Victor Savellano, ACPCP Representative Christina Lopez representing ACPC Executive Director Jocelyn Alma Badiola, Atty. Joycelle Panlilio who represented DA Undersecretary for High Value Crops and Rural Credit Evelyn Laviña and DA-RFO I Regional Executive Director, Lucrecio R. Alviar, Jr were present and graced the occasion showing their full support and commitment to the implementation of the program.
In his welcome remarks during the ceremonial turn-over ceremonies, Dr. Divina Quemi, Chief Executive Officer of NSCC expressed gratitude to the Department of Agriculture for being a constant partner of the organization in implementing developmental programs and projects necessary to boost the productivity and income of the farmer-members.
Dir. Lucrecio Alviar Jr. in his message stressed the relevance of building partnership with the farmers organization like the NSCC to bring developmental changes in the agri-fishery sector. He acknowledged the vital role of the NSCC in helping farmers to become self-sustaining and vowed to sustain the needed support of the farmers especially on their financial needs through the credit facility that is being offered by the DA-ACPC.
Meanwhile, Ms. Christina Lopez, ACPC representative, reminded the would-be beneficiaries of the credit program to bear in mind their obligation as borrowers of the loan program to maintain the good track record of the NSCC.
In her message during the awarding ceremonies, Atty. Joycelle Panlilio, representative of USEC Laviña informed that the DA-ACPC has approved the requested P100M production loan assistance to onion and garlic growers of Ilocos Region with the assistance of the First Legislative District Representative Deogracias Victor Savellano.
Aside from the turn-over of check worth P20M, DA also turned over to NSCC through a Certificate of Award their Rice Processing Center II which was funded under the Rice Banner Program of DA.