The People’s Survival Fund (PSF) was created pursuant to Section 18 of Republic Act (RA) No. 9729 known as the Climate Change Act of 2009, as amended by RA No. 10174. It is a special Fund in the National Treasury for the financing of climate change programs and projects based on the NSFCC.
The PSF funding comes from the PHP 1billion annual allocation from the national budget. The allocation may be augmented by mobilizing external funding sources such as counterpart LGUs, the private sector, and individuals who support adaptation initiatives.
All LGUs and local/community organizations (LCOs) are eligible to receive resources from the Fund. The Fund will finance agreed costs for activities to enable implementation of proposed climate change adaptation projects.