The Development Bank of the Philippines (DBP) signed an agreement with the Department of Agriculture (DA) to distribute P2.7 billion cash subsidies to 900,000 marginal farmers via an e-voucher system, DBP President and Chief Executive Officer Emmanuel G. Herbosa announced yesterday. Through the e-voucher system, the beneficiaries of the DA’s Cash and Food Subsidy to Marginal Farmers and Fishers (CFSMFF) program can claim their cash assistance of P3,000 each at any DBP-accredited payout center. “All they have to do is present their government-issued ID and the unique reference code sent via text message by the implementing agencies,” according to Herbosa.

Abadilla, E. V. (2020, December 22). DBP to distribute ₱2.7-B subsidy for farmers, fisherfolk. Manila Bulletin, p. B-2.