{"id":241772,"date":"2020-01-09T18:35:49","date_gmt":"2020-01-09T23:35:49","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=241772"},"modified":"2020-01-09T18:35:49","modified_gmt":"2020-01-09T23:35:49","slug":"da-allots-p2-b-to-fund-entrepreneurship-programs-for-youth","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/01\/09\/da-allots-p2-b-to-fund-entrepreneurship-programs-for-youth\/","title":{"rendered":"DA allots P2-B to fund entrepreneurship programs for youth"},"content":{"rendered":"
\"\"<\/a>
FILE: AGRICULTURE OPTIMISM. Agriculture Secretary William Dar on Thursday (Dec. 19, 2019). (PNA photo by Ben Briones).<\/figcaption><\/figure>\n

MANILA<\/strong>\u2014The Department of Agriculture (DA) has approved an initial PHP2 billion to fund two lending programs for young entrepreneurs to start their own agricultural enterprise.<\/span>\u00a0<\/span><\/p>\n

In media release on Thursday, Agriculture Secretary William Dar said the DA through the Agricultural Credit Policy Council (DA-ACPC) would implement the\u00a0<\/span>agri<\/span>-entrepreneurship programs for the youth,\u00a0<\/span>namely the Young\u00a0<\/span>Agripreneurs<\/span>\u00a0Loan Program (YALP), and Micro and Small Agribusiness Loan Program (MSALP) \u2014 with an initial budget of P<\/span>HP<\/span>1\u00a0<\/span>billion\u00a0<\/span>each<\/span>.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cThis is our way to attract the younger generation of Filipinos to be key players in attaining our vision of a food-secure Philippines with prosperous farmers and fishers,\u201d Dar said.<\/span>\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cWe have to replace aging farmers with younger blood \u2014 our\u00a0<\/span>Pinoy<\/span>\u00a0millennials \u2014 who are the future of Philippine agriculture,\u201d he added.<\/span>\u00a0<\/span><\/p>\n

\u00a0Under the YALP,\u00a0<\/span>agri<\/span>-fishery graduates and young hobbyists aged 18 to 30 years old are eligible to avail of its loans. They can borrow start-up funds of up to PHP500,000, with zero interest, payable in five years.<\/span>\u00a0<\/span><\/p>\n

Meanwhile, for the MSALP,\u00a0<\/span>agripreneurs<\/span>\u00a0can borrow working capital or for fixed asset acquisition, from PHP300,000 up to PHP15 million, for micro and small enterprises.<\/span>\u00a0<\/span><\/p>\n

Both programs will be officially launched before the end of January.\u00a0<\/span>\u00a0<\/span><\/p>\n

\u201cThis has been one of my advocacies. Let us give our Filipino millennials the means to be part of our journey towards agricultural modernization and industrialization,\u201d Dar said. (PR)<\/strong><\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u2014The Department of Agriculture (DA) has approved an initial PHP2 billion to fund two lending programs for young entrepreneurs to …<\/p>\n","protected":false},"author":33,"featured_media":240700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[],"class_list":["post-241772","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/241772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=241772"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/241772\/revisions"}],"predecessor-version":[{"id":241774,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/241772\/revisions\/241774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/240700"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=241772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=241772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=241772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}