How to Avail of DSWD's Targeted Cash Transfer (TCT) Program

 To mitigate the effects of the increase in fuel prices and other commodities, the Philippine government committed to provide the bottom 50 percent of Filipino households with financial support through the Targeted Cash Transfer (TCT) Program. 

TCT Program pertains to the cash grant program for the poorest 50 percent of Filipino households to be implemented by DSWD for six months to alleviate the impact of rising fuel prices. This program is patterned after the 2018 to 2020 UCT program as provided under RA 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) Law. 

The Department of Social Welfare and Development (DSWD) is assigned as co-chair of the lnteragency Committee (IAC) created to oversee the implementation of the TCT Program. 

This guideline is being issued to provide guidance on the implementation of TCT Program, particularly: 

1. Identification of the 12.4 million households to receive the cash transfer;

2. Preparation of payroll and institutional arrangements; and

3. Adoption of scheme(s) that will expedite the distribution of cash transfer to the beneficiaries.

The program shall provide cash grants amounting to PhP500.00 per month for six (6) months from April to September 2022 or a total of PhP3,000.00 to the bottom 50 percent of Filipino households or approximately 12.4 million beneficiaries subject to availability of funds. The cash grants shall be given to the beneficiaries through the Landbank of the Philippines (LBP) cash card or other approved mode of distribution as stated in Section VII of this Memorandum Circular (MC). 

Preferably, the cash grants shall be distributed directly to the LBP cash card or the preferred transactional accounts of the beneficiaries submitted to the DSWD not later than the second week or every month, or the second week of the month subsequent to the TCT payroll period, subject to section VI.B of this Circular subject further to the system capacity of LBP and subject finally to availability of funds. 

Upon receiving from DSWD the certified list of TCT beneficiaries, the LBP shall be responsible for distributing and paying the cash grants to TCT beneficiaries. 

To avail of TCT, kindly visit DSWD Official Website, HERE!