Section 23December 22, 1997, Sec./Art. 23

Scope of the Agro-Industry Modernization Credit and Financing Program (AMCFP).. - The Agro-Industry Modernization Credit and Financing Program shall include the packaging and delivery of various credit assistance programs for the following:

a. Agriculture and fisheries production including possessing of fisheries and agri-based products and farm inputs;

b. Acquisition of work animals, farm and fishery equipment and machinery;

c. Acquisition of seeds, fertilizer, poultry, livestock, feeds and other similar items;

d. Procurement of agriculture and fisheries products for storage, trading , processing and distribution;

e. Acquisition of water pumps and installation of tube wells for irrigation;

f. Construction , acquisition and repair of facilities for production, processing , storage, transportation, communication, marketing and such other facilities in support of agriculture and fisheries;

g. Working capital for agriculture and fisheries graduates to enable them to engage in agriculture and fisheries related economic activities;

h. Agribusiness activities which support soil and water conservation and ecology-enhancing activities;

i. Privately-funded and LGU-funded irrigation systems that are designed to protect the watershed;

j. Working capital for long-gestating projects; and

k. Credit guarantees on uncollaterized loans to farmers and fisherfolks.