The first-ever rollout of the Coconut Farmers and Industry Development Program commenced here on Thursday.
Madrigal said the CFIDP serves as the basis for the use of the coco levy fund through various programs and projects that would consolidate the benefits and ensure increased income for coconut farmers and farm workers, alleviate them from poverty, and achieve social equality and competitiveness. Madrigal said the framework also provides directions for pre-implementation, coordination, implementation structures and mechanisms, financial and risk management, and monitoring and evaluation.
“Every year, there is a PHP5 billion or more budget will be allocated if the implementing agencies will follow their mandate as stipulated in the CFIDP,” said Villar, the primary author of the Coconut Farmers and Industry Trust Fund Act .
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