The TCT will be distributed to six million beneficiaries from the poorest 50 percent of the country’s population, to help them cope with rising prices of fuel and other commodities, the DBM said in a statement Friday.
The beneficiaries will receive P500 monthly cash subsidies for six months to be distributed in three tranches. This means they will receive P1,000 for the first tranche to be distributed through the cash cards issued by the LandBank of the Philippines, or other approved modes of distribution.
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