The agri and fisheries lending program is not resulting in financial inclusion since it still excluded those that really need credit, a study undertaken by the Philippine Institute for Development Studies (PIDS) showed. The financing program is failing due to the credit rationing behavior of conduit lending institutions, the state research agency said. ‘The government may be going back to an old approach that did not work—the direct credit programs (DCPs),” the PIDS said.

Torres, T. (2015, December 17). Agri, fisheries financing program outdated - PIDS. The Philippine Star, p. B-4.