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PIA Press Release
2008/11/19

95,000 transport family members eyed to benefit from "Katas ng VAT"

by T. Villavert

Iloilo City (19 November) -- Some 95,000 spouses and immediate family members of drivers and conductors of public utility vehicles in the country are target beneficiaries of the "Katas ng VAT".

The share of the "Katas ng VAT" for the transport sector was the offshoot of the President Arroyo's pronouncement during the forum on Alternative Fuels for Public Transport Group held last July 16, 2008, where she announced the release of P500 million from VAT revenues to extend livelihood project to wives and immediate family members of drivers and conductors of PUVs in response to the high price of oil.

The Malacanang press report disclosed that the President launched on Wednesday Project DRIVE or Dagdag Regular Income Via Entrepreneurship to pursue the government's poverty alleviation program for the transport sector.

The project entails the provision of no interest, no collateral capital assistance to some 95,000 target beneficiaries that will be adopting the Self Employment Assistance - Kaunlaran (SEA-K) scheme of the DSWD.

Thus, the Department of Social Welfare and Development and the Department of Transportation and Communications signed a memorandum of agreement to pursue the project.

The DOTC is the lead agency for the project and will be responsible for the pre-identification of the beneficiaries while the Philippine Postal Savings Bank, will be the fund manager of the program, and the Presidential Management Staff is the oversight office for project DRIVE.

The capital assistance ranges from a minimum of P5,000 for individual or a maximum of P150,000 for an association with 30 members.

The DSWD has partnered with LTFRB and the Office of Transport Cooperatives for the regional allocation of funds for the transport groups and cooperatives, the Malacanang press report disclosed. (PIA 6) [top]

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