Financial Initiatives and Poverty Alleviation

Financial Initiatives and Poverty Alleviation

In response to financial crisis, the Philippine government come up a project to help alleviate poverty and aid those who are most in need.

Botika ng Barangay

The Botika ng Barangay (BnB) refers to a drug outlet managed by a legitimate community organization (CO/non-government organization (NGO) and/or the Local Government Unit (LGU), with a trained operator and a supervising pharmacist specifically established in accordance with Administrative Order No. 144 s.2004.

Republic Act 9502, or the Cheaper and Quality Medicines Act of 2008

An act providing for cheaper and quality medicines, amending for the purpose Republic act no. 8293 or the intellectual property code, Republic act no. 6675 or the generics act of 1988.

Pantawid Kuryente: Katas ng VAT

A program that aims to give back to the poor the benefits reaped from the implementation of the expanded value added tax (EVAT), specifically from the 12 percent VAT on petroleum products. It targets families who consume electricity not more than 100 kilowatt hour a month by providing them a one-time P500 lifeline subsidy.

PGMA Training for Work Scholarship Program

A joint project of government agencies, spearheaded by Technical Education and Skills Development (TESDA), Department of Labor and Employment (DOLE) and Office of the Presidential Adviser for Jobs Creation (OPAJC), private sector organizations, industry associations, labor unions and public and private education and training institutions.

National Seed Program

Some P1.68 billion in windfall earnings from the 12% E-VAT on oil products will augment subsidies for palay farmers starting this wet season or main crop. Subsidies for palay farmers are in the form of certified seeds to increase rice sufficiency and providing food on the table of every Filipino family.

Food-for-School Program

The program specifically aims to improve school attendance and academic performance of Grades I and II pupils; mitigate hunger and prevent further decline of nutritional status of learners through short-term food subsidy scheme; provide livelihood/employment opportunities to parents of beneficiaries.

Tinapay ng Bayan

The government’s program of providing development programs for out-of-school youths, at the same time, boosting the accelerated hunger mitigation program of the government which includes increased food production to bring affordable food items to Filipino families, especially the poor.

FIELDS (Fertilizers, Irrigation, Extension & Education for farmers, Loans, Dryers and post-harvest facilities and seeds) programs

The FIELDS program stands for Fertilizer, Irrigation and other rural infrastructure, Extension, Research and farmers' education, Loans, Dryers and other postharvest facilities, and Seeds.