House panel OKs bill bolstering PCIC

THE HOUSE Committee on Appropriations has approved the funding provision of a substitute bill strengthening the Philippine Crop Insurance Corp. (PCIC) and improving its capability to give farmers additional government support for agricultural production.

The bill amends Section 2 of Republic Act 8175, or the Revised Charter of the Philippine Crop Insurance Corp. Act of 1995, which institutes the policy of the State to ensure food security, intensify food production, promote agricultural credit, and broaden the coverage of mandatory crop insurance.