The Department of Agriculture (DA) said it entered into an agreement with the Development Bank of the Philippines (DBP) to offer an e-voucher program which will deliver subsidies to farmers and fisherfolk. Agriculture Secretary William D. Dar and DBP President Emmanuel G. Herbosa signed the memorandum of agreement and implementing guidelines of the subsidy program on Nov. 9. The cash assistance and food program has an allocation of P4.5 billion under Republic Act No. 11494 or the Bayanihan to Recover as One Act (Bayanihan II) and is projected to benefit around 900,000 farmers and fisherfolk.

Ochave, R. M. D. (2020, November 11). E-voucher program to disburse cash aid to farmers, fishermen via DBP; food aid via Agri dep't. BusinessWorld, p. S1/2.