Belgica wants to create a P1B capital fund for farmers


Senatorial candidate Grego Belgica

MANILA, Philippines — Senatorial candidate Grego Belgica has said that in addition to his plan to fight corruption, drugs and poverty, he also wants to set up a fund system that will help the agricultural sector.

“I will set up the cooperative venture capital fund system, and I will put 1 billion pesos into it so that farmers have additional capital to invest in their products,” Belgica said at the recent CNN Senate Forum.

Belgica added that it wants to give local farmers access to the latest technology available to boost agricultural production.

The venture capital fund will also be used to provide needed funding to farmers in the form of grants.

“I will invest a lot in technology to teach farmers better methods and a better system for planting and harvesting,” he said.

“At the same time, we will invest heavily in the agricultural sector to help our farmer to provide more subsidies to our farmers.”

Belgica also clarified that the venture capital fund is not a loan but an investment in its business.

“The venture capital fund is not a loan, it is an investment in agriculture and agricultural activities,” he said.

Meanwhile, Belgica also talked about ways to make internet access in the country faster and more affordable.

“There is no better way to improve services than to open them up to competition,” he said.

“It is well known that Internet service providers here are very few. I will open the gateway for other ISPs to offer their services in the Philippines to provide better services at lower cost.


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