MANILA, Philippines—The Land Bank of the Philippines (Landbank) has started to release cash grants amounting to P717,333,500 or P6,500 each to 110,359 Public Utility Vehicle operators for both jeepneys and buses across the country, the government bank announced.
In a statement, Landbank said the cash aid, which is in support of humanitarian efforts during the COVID-19 pandemic, was under the Cash Subsidy to PUV Operators Program of the Department of Transportation and Land Transportation Franchising and Regulatory Board.
P716,826,500 was credited to the existing Pantawid Pasada Program (PPP) fuel cash card amounts of 110,281 Public Utility Jeepney operators on November 16, 2020.
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Keep on reading: Landbank disburses over P717M cash aid to PUV operators