QUEZON CITY -- Department of Social Welfare and Development (DSWD) Secretary Erwin T. Tulfo announced today that the Department will continue to distribute the P500 cash subsidy under the Targeted Cash Transfer (TCT) program this July.

The TCT is a program initiated by former President Rodrigo Roa Duterte which aims to cushion the impact of the elevated costs of fuel and other commodities.  Under the guidelines for the TCT implementation, the DSWD will facilitate the distribution of cash grants amounting to a total of P3,000 or P500 per month for six months.

As of July 4, some 5,866,229 beneficiaries with cash cards have received P1,000 or equivalent to two months’ worth of subsidy covering April and May. The funds for their subsidy came from the P6.2 Billion released by the Department of Budget and Management to the DSWD.

The recipients are part of the total target beneficiaries of 12.4M households. The list of target beneficiaries is composed of four million households under the 4Ps; six million non-4Ps households and individuals who previously benefited from the Unconditional Cash Transfer Program under the Tax Reform for Acceleration and Inclusion Law which include the Social Pension Program beneficiaries; and 2.4 million households in the database of Listahanan that fall within the first to fifth income decile, or other poverty data sources of the DSWD.

The DSWD added that payout for the remaining beneficiaries will ensue upon the release of additional funds by the Department of Budget and Management. (DSWD)