Latest Breaking News On - Agrarian emancipation - Page 5 : comparemela.com
Senator Cynthia Villar(File photo) MANILA-Senator Cynthia Villar on Wednesday delivered Committee Report No. 24 to sponsor the Senate Bill No. (SBN) 1850 or the "New Agrarian Emancipation Act", which seeks to condone all loans including interests, penalties and surcharges, arising from the award of agriculture lands under the Comprehensive Agrarian Reform Program (CARP) as of Dec. 31, 2022. Villar, who chairs the Senate Committee on Agriculture, Food, and Agrarian Reform, said the measure shall cover two types of loans to agrarian reform beneficiaries (ARBs), which include those who have Agrarian Reform Receivables (ARR) Account with the Land Bank of the Philippines and have not paid or have incomplete payments of their amortization on the principal, interests, penalties and surcharges of their lands under Presidential Decree 27, and subsequent amendments to RA 6657. "This involves 409,206.91 hectares of agricultural land with 273,622. Debt Amounting to: PHP14,499,890,62
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