The Department of Agriculture (DA) – Philippine Crop Insurance Corporation (PCIC) has allotted P 30 million for the insurance of farmers and fisherfolk in Western Visayas whose agricultural crops and livelihood were damaged by Typhoon Yolanda last year.
The amount is part of the DA-PCIC approved resolution of providing full premium subsidy of P 80 million for the insurance coverage of subsistence farmers and fisherfolk of hardly hit provinces in the country.
PCIC regional manager Charlito Brilleta said the premium subsidy program offers insurance coverage for rice, corn, high value commercial crop, livestock, fisheries, non-crop agricultural asset and term-accident and dismemberment security scheme.
On Friday, the DA- PCIC-6 launched its insurance program at Hotel Del Rio, Molo district.
Representatives from the Land of the Philippines, People’s Credit Finance Corporation, Agricultural Credit and Productivity Program and the DAR- Agrarian Production Credit Program gave talks on their respective credit programs for the farmers and fisherfolk. IMT