PCA lists Bohol beneficiaries of P72.5-B coco levy fund

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PCA lists Bohol beneficiaries of P72.5-B coco levy fund

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The Philippine Coconut Authority (PCA) has started listing down the names of those working in the coconut industry in Bohol who will be receiving their share of the 72.5-billion coco levy fund.

According to PCA Bohol manager Emiliano Romero, 50 enumerators will be identifying legitimate recipients, including land owners and coconut farmers, of the allocation which is set to be released next year.

The list which includes the total owned land area will also be submitted to Sen. Cynthia Villar, who chairs the Senate committee on agriculture, to determine the beneficiary’s corresponding share.

However, Romero clarified that the coco levy fund will not be distributed in cash but will be allocated to projects which will benefit coconut farmers and others involved in the industry.

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Romero said that once the projects are developed those in the list of beneficiaries will manage and run the said ventures.

The PCA official noted that the listing process will continue across the country until December, this year, as he urged coconut farmers to have themselves registered in PCA offices in Bohol.

The multibillion-peso coconut levy fund currently remains with the national treasury pending the release of guidelines on the use of the amount.

Cabinet Secretary Leoncio Evasco has ordered PCA to devise projects for the coconut industry in Bohol which provides livelihood to around 200,000 Boholanos. (Rey Tutas and Allen Doydora)

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