THE Development Bank of the Philippines (DBP) has launched a P510-million corporate social responsibility (CSR) program that would allocate resources and promote access to quality education in the basic and tertiary levels.

Called the DBP Integrated Scholastic Program for Inclusive and Responsive Education (DBP Inspire), it is a five-year program that seeks to supplement the government’s initiatives for education through collaborative endowment and support projects, DBP President and Chief Executive Officer Michael de Jesus said.

DBP launches P50M program for education

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DBP launches P50M program for education

“The DBP Inspire program reinforces the Bank’s commitment of fostering support to the education sector and is aligned with President Ferdinand Marcos Jr.’s vision to place education at the forefront of the national development agenda,” de Jesus added.

The program is implemented in collaboration with the Department of Education and partner higher education institutions to ensure strategic optimization of program resources.

For the scholarship program, DBP is to set aside P437.5 million to cover tuition and matriculation fees as well as miscellaneous expenses, study materials, books, food and lodging for 350 students enrolled in engineering and its related fields, accountancy, education, agriculture and forestry, sciences, maritime, information technology, and technical-vocational course.

P72.5 million, on the other hand, will be given to DepEd’s Adopt-a-School and Brigada Eskwela program aimed at improving classroom facilities and providing learning equipment for 150 public primary and secondary schools.