Social Reform and Poverty Alleviation Act

Adopt area-based, sectoral, and focused interventions to empower poor Filipino families to meet minimum basic needs.
Pursue asset reform and redistribution to basic sectors.
Institutionalize the Social Reform Agenda (SRA) through consultations and summits.
Implement principles such as continuing social reform, government and basic sector partnerships, transparency, gender-responsiveness, ecological balance, and focus on specific target areas and sectors.

"Basic sectors" include farmers, fisherfolk, workers (formal and informal), indigenous peoples, women, youth, children, urban poor, persons with disabilities, senior citizens, disaster victims.
"Microfinance" defined as credit and savings mobilization for the poor.
"Social reform" means the systematic delivery of socioeconomic programs addressing basic inequities.
Other key terms: artisanal fisherfolk, cooperative, collateral-free loan, group character loan, minimum basic needs, poverty (absolute and relative), urban poor, workers, youth.

SRA embedded in the National Anti-Poverty Action Agenda.
Multi-dimensional approach covering social (access to services), economic (asset reform), ecological (resource sustainability), and governance (participation) reforms.
Sector-specific flagship programs for farmers, fisherfolk, indigenous peoples, informal workers, urban poor, and vulnerable groups.
Cross-sectoral programs include institution-building, livelihood, microfinance expansion, and infrastructure development.

Created under the Office of the President.
Successor to the abolished PCFP, SRC, and PCCD.
Principles: integrating social reform in development plans, efficiency, coordination, accountability, participation, and credit access.

Chaired by the President; Lead Convenor appointed by the President (Cabinet rank).
Vice Chairpersons for government and basic sectors.
Members: Heads of key government agencies, League Presidents of LGUs, and representatives of basic sectors.
Sectoral councils nominate representatives; President appoints from the list.
Members serve 3-year terms without reappointment.

Coordinate agencies and private sector for implementation of social reform programs.
Formulate and recommend policies.
Ensure representation and participation of basic sectors.
Monitor and evaluate social reform programs.
Advocate mobilization of funds.
Provide incentives to LGUs.
Submit annual report to Congress.

Established and monitored by NAPC.
Funded initially at P4.5 billion from PAGCOR earnings plus other sources.
Administered by a government agency designated by the President.
Only earnings (fruits) used for social reform purposes.
Supports microfinance, training, community organizing, livelihood projects, legal support, and related activities.

Responsible for formulating, implementing, monitoring, and evaluating anti-poverty programs locally.
Identify the poor using agreed indicators.
Source funding and coordinate with private sector and NAPC.
Reports progress to NAPC.
Powers under Local Government Code remain intact.

Government-owned corporation for delivering microfinance services exclusively to the poor.
Lead entity to mobilize local and international funds for microfinance.

Authorized capital increased to P2 billion.
Subscribed capital to increase to P600 million with government subscription.
Paid-up capital to increase to P600 million over four years funded from PAGCOR shares.

Existing government financial institutions (e.g., Land Bank) required to create special credit windows for the poor.
Private financial institutions encouraged to do likewise.
Allocation for basic sectors, especially rural and agrarian reform communities.

If majority ownership passes to private sector NGOs or cooperatives, PCFC becomes private corporation.
Chairman may remain in NAPC.
Must continue serving poor's credit and savings needs.