the government sees as an opportunity to lure migrant workers to invest in local agri-ventures.To do this, the Department of Agriculture said it would be offering zero-interest loans, free training and technical and marketing assistance to OFWs who would like to invest their hard-earned money in agriculture.This will also complement efforts by the administration to draw rural folk who migrated to the cities back to their provinces through the Balik Probinsya program.
“We are opening our doors to OFWs … to join the ranks of our new breed of agripreneurs, who will help us revive and reboot the countryside,” he added.Under the agency’s SURE COVID-19 program, midsize enterprises may avail themselves of up to P10 million as working capital at zero interest, payable in five years.
Individual farmers and fishers affected by the ECQ may also borrow a noncollateralized loan of P25,000 at zero interest, payable in 10 years, to jump-start operations.
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