MANILA — Farmers and fishermen who lost crops and livestock to the eruption of the Taal Volcano could soon get zero-interest loans from the government, the Department of Agriculture said Wednesday.
Taal, set in the center of a picturesque lake south of the capital, belched Sunday a giant ash cloud that coated parts of Luzon, including farmlands and fish cages in the Calabarzon region.
Under the government's Survival and Recovery (SURE) program, farmers and fishermen can take out a P25,000 loan payable in 3 years with zero interest, said Agriculture Secretary William Dar.
Across Calabarzon region, the volcano's unrest left P577.4 million in initial damage to agriculture, including some 2,700 hectares of farmland and almost 2,000 animals, the DA earlier estimated.
The volcano remains under the second highest danger level, which means a "hazardous explosive eruption is possible within hours to days," said Phivolcs.
-- With a report from Raya Capulong, ABS-CBN News