The Province of Cebu is well on its way towards the better normal as the multi-billion funds for the enhanced countryside development (ECD) program of the Provincial Government will soon start.
Governor Gwendolyn Garcia is set to enter into a Memorandum of Agreement (MOA) with three government banks which agreed to finance the program for the resuscitation of the economy crushed by the Covid-19 pandemic.
On Tuesday, February 2, Garcia with the representatives of the Philippine Veteran’s Bank (PVB), Landbank of the Philippines (LBP), and Development Bank of the Philippines (DBP) agreed to ink their agreement on February 17.
Garcia told the bank representatives that beneficiaries of the Sugbo Negosyo and Sugbusog, both programs of the Province of Cebu created during pandemic, will also tie up with the program if they wish to expand.
For medium, micro, small enterprises (MMSE), the qualified beneficiaries will submit their application to PVB; infrastructure-related businesses will submit to DBP; and agriculture-related industries to LBP.
Even when the Province was still under enhanced community quarantine (ECQ), Garcia has been discussing with various stakeholders about the ECD program which will bring jobs to the countryside.
For the Capitol, invigorating economic activities in the countryside is key to rebuilding Cebuanos’ lives and livelihoods impacted by the pandemic.
The governor also encouraged more Cebuanos to engage in farming and livestock raising so lesser people would seek employment in urban, congested cities. This is also a way to support local products.
Representative from farmers’ associations, Department of Agriculture (DA), Bureau of Fisheries and Aquatic Resources (BFAR), Department of Trade and Industry (DTI), Mandaue Chambers of Commerce, Central Visayas Pork Producers' Cooperative (CeViPPCo), and others will be invited for the MOA signing. (Mylen Manto)