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Fuel subsidies will be given to 79K registered fishermen, according to the DA.

MANILA, Philippines β€” Agriculture subsidies, notably for the fishing industry, has recently been made available to aid fishermen in surviving the present worldwide economic downturn sparked by the coronavirus disease 2019 (Covid-19) pandemic.

Cheryl Marie Natividad-Caballero, Agriculture Undersecretary for Agri-Industrialization and Fisheries, stated that the Department of Agriculture’s (DA) fuel subsidy scheme will benefit nearly 80,000 fishermen.

“Approximately 79,000 fishers who are duly registered in the Bureau of Fisheries and Aquatic Resources (BFAR) Boat Registry system and encoded into the Registry System for Basic Sectors in Agriculture (RSBSA) are beneficiaries of the fuel discount,” she said in an interview with the Philippine News Agency on Thursday.

The beneficiaries will receive PHP3,000 apiece through the Development Bank of the Philippines (DBP) discount cards, which will be given through regional offices to farmers and fisherfolk who are registered with the Department of Agriculture (DA).

A PHP500 million budget was set aside for the fuel subsidy scheme. A total of PHP492.5 million would be utilized to compensate oil firms and fuel retailers who participate in the initiative, with a 30% discount for holders of cash cards that will be sent to eligible participants.

The remaining PHP7.5 million would be used for administrative and operational costs.

Secretary of the Department of Agriculture William Dar has constantly encouraged eligible recipients to register with the agency’s system so that they can be prioritized and take advantage of other benefits.

Farmers that are eligible must be registered with the RSBSA and own and operate a working farm or fishing equipment, such as pumps, engines, tractors, combine harvesters, and corn shellers.

In addition, eligible anglers must be registered and utilize approved fishing equipment and powered boats weighing no more than three gross tons.

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