DSWD Cash Aid for the Poor: Agency Releases Update on Releasing of Money

Details about the DSWD Cash Aid for the Poor 3rd Tranche

DSWD CASH AID – The Department of Social Welfare and Development issued an update about the releasing of the money to beneficiaries.

Amid the high costs of fuel and other commodities in the previous months, the Department of Social Welfare and Development (DSWD) announced the giving of cash assistance to the poor Filipinos. Under its Targeted Cash Transfer program, poor households are given P500 per month for six (6) months to help ease the impacts of the high prices of fuel and other commodities.

The government agency is releasing the first and second tranches of the cash aid program. In a televised press briefing, Social Welfare Undersecretary Edu Punay said that the first two (2) tranches are for the months of July and August.

Based on a report on ABS-CBN News, the Department of Budget and Management (DBM) previously released around P10.33 billion for the first two (2) months covered under the cash aid program. It aimed to help 10 million beneficiaries of the program.

DSWD Cash Aid for the Poor
Photo Credit: Philippine Star

According to the report, the Department of Social Welfare and Development also intends to release the 3rd tranche of the DSWD cash aid for the poor “as soon as possible”. Punay expressed that the money will be released through the cash card of the beneficiaries.

The third tranche of the DSWD cash aid for the poor amounts to P5.2 billion and targets to benefit around 9.8 million people. The said amount released by DBM will fund one month of the targeted cash program.

Reportedly, Punay previously expressed that the Social Welfare agency will need around P20 billion for the completion of the 6-month cash aid program. At least 12.4 million Filipinos were found qualified to be beneficiaries of the program. Out of the said total number, 2.4 million people were supposed on the waitlist of 4Ps and several other programs of the agency.

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