Gov’t readies perks to transform OFWs to ‘agripreneurs’

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Gov’t readies perks to convert OFWs to ‘agripreneurs’


With out a vaccine to regulate the unfold of the brand new coronavirus pandemic, a number of abroad Filipino staff (OFWs) have determined to maneuver again to the Philippines to be with their households—a pattern that the federal government sees as a chance to lure migrant staff to put money into native agri-ventures.To do that, the Division of Agriculture (DA) mentioned it might offer zero-interest loans, free coaching and technical and advertising help to OFWs who want to make investments their hard-earned cash in agriculture.This may even complement efforts by the administration to attract rural folks who migrated to the cities again to their provinces by way of the Balik Probinsya program. All these strikes are directed to decongest the nation’s bustling capital.“Now could be the time to faucet the OFW sector as they begin to reintegrate themselves again to their respective houses, communities and provinces,” Agriculture Secretary William Dar mentioned.

“We’re opening our doorways to OFWs … to affix the ranks of our new breed of agripreneurs, who will assist us revive and reboot the countryside,” he added.

Underneath the company’s SURE COVID-19 program, midsize enterprises could avail themselves of as much as P10 million as working capital at zero curiosity, payable in 5 years. They may use the cash to have interaction in agri-fishery manufacturing, supply of produce or commodities and different actions within the provide chain, particularly operations affected by the improved group quarantine (ECQ).

Particular person farmers and fishers affected by the ECQ might also borrow a noncollateralized mortgage of P25,000 at zero curiosity, payable in 10 years, to jump-start operations.

Sole proprietors, partnerships, firms and cooperatives whose members are marginal farmers and fisherfolk might also avail themselves of P300,000 as much as P15 million to finance agribusiness ventures or purchase mounted property.

OFWs with little know-how can faucet the company’s Agricultural Coaching Institute for capacity-building and abilities coaching, whereas DA’s Agribusiness and Advertising Help Service will present market-consumer linkaging. INQ

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