DAR allots P1B premium subsidy
The Department of Agrarian Reform (DAR) Regional Office 02 has recently conducted an orientation/briefing on the Agrarian Reform Beneficiaries-AgriculturalInsurance Program (ARB-AIP) attended by Municipal Agrarian Reform Officers (MAROs) and Development Facilitators (DFs) from Cagayan and Nueva Vizcaya provinces at the Ivory Hotel in Tuguegarao City, Cagayan. A similar briefing was also conducted for MAROs and DFs from Isabela and Quirino provinces in Cauayan, Isabela.
The ARB-AIP is a P17.1 billion crop insurance plan between the Department of Agrarian Reform (DAR) and Philippine Crop Insurance Corporation (PCIC), an attached agency of the Department of Agriculture (DA), wherein the DAR shall provide a premium subsidy worth P1 billion.
It is a safety net for ARBs against losses caused by crop pests, diseases; losses from damage of farm machineries; and also from the devastating unpredictable weather patterns due to climate change. In addition, an ARB shall receive protection against loss of life or limbs under an Accident and Dismemberment Security Scheme.
Only ARB participants to key DAR programs shall be eligible under the ARB-AIP scheme, such as the Agrarian Reform Connectivity and Economic Support Service, Agrarian Production Credit Program, Credit Assistance for Program Beneficiaries Development, and the Microfinance Capacity Development in Agrarian Reform Areas. /cds