Landbank supports national dairy industry

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Landbank supports national dairy industry The Philippine’s local dairy industry is set to receive a much-needed boost through the “Masustansyang Inumin para sa Likas na Kalusugan” (MILK) credit assistance program – a partnership between the Land Bank of the Philippines and the National Dairy Authority (NDA). The program will make available financial and technical assistance for the production, processing and marketing activities of dairy cooperatives, farmers and other local industry stakeholders to help improve their productivity and increase their income. It likewise aims to help increase domestic milk production in the country. Under the agreement, the NDA has committed P30 million in credit support and technical assistance. Eligible borrowers under the program include cooperatives/associations, federations, countryside financial institution, small and medium enterprises and agri-business entities. The loan amount may be used as permanent working capital or fixed assets and livestock acquisition.

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