The Department of Social Welfare and Development (DSWD), with the assistance of the Department of Trade and Industry (DTI), successfully distributed cash assistance to the first batch of micro rice retailers in Northern Mindanao from September 13-14, 2023.
The cash assistance, facilitated through DSWD’s Sustainable Livelihood Program (cash assistance for micro rice retailers), reflects the government’s initiative to extend financial support and provide economic relief for micro rice retailers who were affected by the price cap.
Ninety-two percent (92%) or thirty-six (36) out of 39 qualified micro rice retailers in Northern Mindanao received cash assistance of P15,000 each during the simultaneous payouts.
Meanwhile, the remaining three (3) rice retailers are set to receive the cash assistance in their respective DSWD provincial offices within the week.
DTI Region 10 commits to the fast tracking of the profiling of more qualified beneficiaries in the region in preparation for the next round of financial assistance distribution while also conducting day-to-day monitoring of prices and supply of rice in the market. ♦
Date of release: 16 September 2023
