E Are Expecting Also An Increase In The Number Of Arbs Who Will Avail Loan Condonation News Today : Breaking News, Live Updates & Top Stories | Vimarsana
LEGAZPI CITY - The Department of Agrarian Reform in Bicol (DA-5) is expecting farmers' productivity to improve with President Ferdinand Marcos Jr.'s plan to provide debt relief to agrarian reform beneficiaries (ARBs) by condoning payments on loans and providing a one-year moratorium on the payment of amortization. In a statement on Monday, Rodrigo O. Realubit, officer-in-charge of DAR-Bicol, expressed support for Secretary Condrado Estrella III's initiative in pushing for the President's plan. "We are behind our secretary in pushing for the initiatives of the President for agrarian reform beneficiaries (ARBs). We have readied all documents and statistics needed should the Congress and the Senate ask for them," Realubit said. He praised the loan condonation program as a "good strategic move", saying it will provide the much-needed relief to the ARBs as they can now use the money supposedly for land amortization, to invest in farm production instead. D
(Photo courtesy of DAR-5) LEGAZPI CITY - At least 72,288 farmers in the Bicol region will benefit from President Ferdinand Marcos Jr.'s plan to provide debt relief to agrarian reform beneficiaries (ARBs) by condoning payments on loans and providing a one-year moratorium on the payment of amortization. Gerard Buensalida, Department of Agrarian Reform (DAR) spokesperson, said on Saturday he expects more ARBs to avail of the loan condonation. "Since our agency's program in land distributions is continuously being conducted, we are expecting also an increase in the number of ARBs who will avail of the loan condonation," Buensalida said in an interview. Based on the data provided by the Land Bank of the Philippines, Camarines Sur has the biggest number of ARBs with loans at 32,026, followed by Albay (14,143), Sorsogon (10,971), Camarines Norte (9,230), Masbate (5,495), and Catanduanes (423). Rodrigo Realubit, DAR 5 (Bicol) director, said in a statement on Friday that the p