Sugar industry pushes to bring back SIDA fund allocation in 2025

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SIDA Fund Sugar Industry News

Sugar Industry Revival,Sugar Industry Support,Government Support Sugar Industry

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The sugar industry is pushing to bring back the P2 billion annual budget of the Sugarcane Industry Development Act for the 2025 National Budget, Rep. Wilfredo Mark Enverga, Chairman of the House Committee on Agriculture said, Thursday. Enverga also said there is a push that the allocation would be increased from P2 billion to P5 billion in 2026. Enverga's committee held a public hearing yesterday at Nature's Village Hotel in Talisay City on the proposed amendments to SIDA Law.

We know very well some programs are fast-moving like the infrastructure component is easily implemented by the DPWH. We are very much concerned about the socialized credit of Landbank. There is much traffic with Landbank which is a very big component of the SIDA program. There is a very good development that there is a move from Landbank to simplify the documents and guidelines old our farmers,' Enverga said.

 

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