In stride with advancing agricultural development, the Land Bank of the Philippines
(LANDBANK) recently distributed cash cards to farmer beneficiaries under the Rice
Competitiveness Enhancement Fund-Rice Farmers Financial Assistance (RCEF-RFFA)
Program in Tigbauan, Iloilo.
In partnership with the Department of Agriculture (DA), the LANDBANK Miag-ao
Branch distributed Intervention Monitoring Cards (IMCs) loaded with P5,000.00-
worth of cash assistance to 2,206 farmer-beneficiaries.
As of June 2023, the Bank has already distributed LANDBANK IMCs to a total of
235,145 beneficiaries nationwide, with the rest of eligible beneficiaries set to receive
their financial assistance until the end of August this year.
"LANDBANK remains at the forefront of providing timely support to small farmers all
over the country. Together with the DA, we will continue to ramp-up the distribution
of cash cards to help increase agricultural production and income," said LANDBANK
President and CEO Lynette V. Ortiz.
The RCEF-RFFA Program aims to offer vital support to smallholder rice farmers
registered under the Registry System for Basic Sectors in Agriculture (RSBSA), who
are cultivating rice lands measuring two hectares and below.
LANDBANK serves as the disbursing arm of the RCEF-RFFA Program, wherein eligible
farmers receive cash assistance of P5,000.00 as part of the implementation of the
Rice Tariffication Law (RTL).
