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State-run Land Bank of the Philippines said Tuesday it has released P2.5 billion worth of credit assistance to rice farmers since 2019.In a news release, Landbank said that the amount was released through the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund .The ERCA-RCEF forms part of the RCEF, a P10 billion annual allocation for six years created under the Rice Tariffication Law.
We are committed to providing continued financial assistance to our rice farmers to help them sustain their operations and improve productivity, especially in the face of challenges including the El Niño phenomenon," said Landbank president and CEO Lynette Ortiz.The state-run lender said the P2.
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