Land loan moratorium to benefit 500,000 ARBs

By PNA

Oct 24, 2022 12:41 am

AGRARIAN Reform Secretary Conrado Estrella 3rd said more than half a million agrarian reform beneficiaries (ARBs) are expected to benefit from the one-year moratorium on payment of land amortization and the corresponding 6-percent annual interest.

Estrella said the suspension on payment of amortization and interest covers a combined 1.18 million hectares of agricultural lands awarded to 654,000 ARBs.

Agrarian Reform Secretary Conrado Estrella 3rd. Screengrab from House of Representatives

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