SILANG, CAVITE – The Department of Social Welfare and Development (DSWD)-CALABARZON pioneered its distribution of P2,400-worth of Unconditional Cash Transfer Program (UCT) or Tax Reform Cash Transfer (TRCT) to over a thousand indigent senior citizens at Patio Medina.
The DWSD hosted this country’s first cash transfer distribution with the Silang Municipal Government, granting P200 monthly aid or P2,400 per year to senior citizens belonging to poor-family sector.
Aside from the Silang Municipal officials, DSWD Secretary Virginia N. Orogo, Department of Finance (DOF) Assistant Secretary Tony Lambino, DSWD Region IV-A Director Annie Mendoza, and Land Bank of the Philippines (LBP) have attended the pilot launch.
According to UCT Memorandum Circular No. 3, s. of 2018, the LBP will use the P24 B total subsidy to fund the indigent recipients in accordance to the DSWD’s Operational Guidelines, which covers the following:
- Households in the Pantawid Pamilyang Pilipino Program (4Ps)
- Beneficiaries of Social Pension Program, pursuant to RA 7432/ Senior Citizens Act, as amended by RA 9257 and RA 9994
- Other poor households, falling to 1st to 7th deciles of National Household Targeting System for Poverty Reduction (NHTS-PR) Database
Expectedly, this launch shall provide the indigent sector the initial aid to mitigate the adverse effect of Tax Reform for Acceleration and Inclusion Law (TRAIN Law), who are not benefiting from the decreased income tax rates, but are suffering from increasing commodity prices.
Furthermore, the cash grant shall increase to P300 monthly or P3,600 per annum for the years 2019, completing its three-year implementation until 2020.
DSWD Memorandum Circular 3 s. of 2018
Gladys Pino, Philippine News Agency
Image Source: Office of the Municipal Mayor of Silang Facebook page