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.
The ARB-AIP will provide protection for over
224,000 agrarian reform beneficiaries (ARBs) and members of their households
who are farming around 330,000 hectares of land and raising approximately
30,700 farm animals nationwide. DAR shall identify who are the qualified ARBs
under the program.
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
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