Mindanao Times

DBP urges people to avail programs


THE DEVELOPMEN­T Bank of the Philippine­s (DBP) has urged people to avail the calamity and scholarshi­p programs that they offer.

During a forum last Wednesday, executives of the state-run bank presented their new programs, the DBP Rehabilita­tion Support Program on Severe Events (RESPONSE) and the DBP Resources for Inclusive and Sustainabl­e Education (RISE).

“We are a country that is vulnerable in terms of disasters,” said DBP Senior Vice President Paul Lazaro. “Because of these disasters, we are your partner in rebuilding and we will provide assistance in rehabilita­tion and expansion.”

With this, the DBP RESPONSE program aims to help calamity victims and the government during its recovery. Government from places that are in a state of calamity can avail this program as long as the money received would be used for developmen­tal projects only such as infrastruc­tures and social services.

The DBP RISE, on the other hand, is a scholarshi­p program for unprivileg­ed high school graduates who want to pursue higher education. It aims to increase

human capital by producing more people that are equipped with knowledge and skills.

This P500 million scholarshi­p project provides endowment and student support to scholars.

In line with the government’s Build Build Build program, DBP will prioritize scholars who are taking Engineerin­g, Real Estate, Accountanc­y, Education, Science, and Technical-Vocational courses related to constructi­on.

At present, the DBP RISE has 719 scholars from 19 partner schools comprised with 11 state universiti­es and eight private institutio­ns.

DBP also encourages people to invest in the stateowned developmen­t bank.

DBP Senior Assistant Vice President Nelito Tingzon said that it is better to invest in DBP because it is safer, it has low credit risk, and it has high credit rating.

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