Landbank earmarks over P3 B for farmers

State-owned Land Bank of the Philippines has allocated at least P3 billion next year to small farmers, allowing them to borrow from as small as P10,000 to as much as P100,000 for agrarian farm associations farm inputs, equipment, and other livelihood projects.

- By ALDEN MONZON

Landbank first vice president for agriculture and sustainable development group Eden Japitana said that they have a P200-million funding under the Enhanced ARISE (Assistance to Restore and Install Sustainable Enterprises) Program and another P3 billion for the Agrisenso Plus Program, where they partnered with the Department of Agrarian Reform (DAR).

"Under the Enhanced Arise Program, agrarian reform beneficiaries organizations can access a two-year advance credit line that becomes available immediately after a calamity," the DAR said in a statement.