Under RCEF, how much funding is allocated for rice farm machinery and equipment?

The correct funding allocation under the Rice Competitiveness Enhancement Fund (RCEF) is 2 billion. This amount is specifically set aside to support the modernization of rice farming in the country by providing farmers with access to modern machinery and equipment. The goal of this funding is to enhance productivity, reduce post-harvest losses, and improve the overall efficiency of rice farming operations.

This financial support is crucial for enabling farmers to acquire advanced technology, which can lead to better cultivation practices and increased yields. By investing in machinery, the RCEF aims to help rice farmers become more competitive, ultimately benefiting the entire agricultural sector and ensuring food security. This approach is part of a broader strategy to address challenges in the rice industry, such as outdated practices and inadequate infrastructure.