2M farmers to get free crop insurance


THE Philippine Crop Insurance Corporation (PCIC) aims to increase the beneficiaries of the free crop insurance program by 32 percent to two million farmers in 2018 from 1.5 million last year.

“Farmers and fisherfolk listed under the Registry System for Basic Sector in Agriculture (RSBSA) will be given priority in availing the program,” he added.

He also said that 175,000 farmers benefitted from the program with claims amounting to P1.9 billion in 2017, which was 24 percent higher than the previous year.

Meanwhile, Roque reported that government-owned and -controlled corporations’ (GOCCs) dividend remittances increased by 9.8 percent to Php30.45-billion in 2017.

Biggest dividend contributors included the Philippine Deposit Insurance Corporation (PDIC) with P7.46 billion; Development Bank of the Philippines, P2.51 billion; Manila International Airport Authority, P2.22 billion; Philippine Ports Authority, P1.95 billion; Bangko Sentral ng Pilipinas, P1.84 billion; National Power Corporation, P1.39 billion; and Philippine Amusement and Gaming Corporation, P1.18 billion. p: wjg