The Department of Budget and Management (DBM) disclosed that it has released the Notice of Cash Allocation (NCA) amounting to P8,053,474,140 to the Department of Agriculture (DA) for the provision and distribution of P5,000 in subsidy to 1,563,781 eligible rice farmers on the 3rd and 4th quarter of 2022.
DBM Secretary Amenah Pangandaman approved the funds release on Friday which is in line with the implementation of the Rice Farmers’ Financial Assistance (RFFA) program, in order to provide support to rice farmers affected by the Rice Tariffication Law.
“Our farmers deserve our help and care. The immediate release of cash assistance could provide relief to our rice farmers given the recent natural calamities they experienced,” Pangandaman said.
“This unconditional cash assistance could also provide aid to the rice farmers in securing farm inputs such as fertilizer and oil farm machinery,” she added.
The NCA likewise covers the service fee, including the cost of card generation, for the Rice Competitive Enhancement Fund-RFFA under the Development Bank of the Philippines (DBP).