Marcos condones P206 million debt of farmers
MANILA, Philippines — More than P200 million worth of debts incurred by over 2,000 agrarian reform beneficiaries in Pampanga were condoned by the government yesterday.
President Marcos led the distribution of 2,939 condonation certificates and 30 certificates of land ownership award (CLOAs) to about 2,500 beneficiaries in Bacolor.
Marcos said the condonation would help ease the plight of farmers hit by recent typhoons.
The beneficiaries were freed from debt amounting to P206.38 million.
“This covers the amortization, interest and other surcharges tied to your farm lands for a long time. Starting today, we are condoning your debts that stemmed from the land given to you under the agrarian reform (program),” Marcos said during the ceremony. “This is a step toward strengthening the agriculture sector and raising the quality of life of our farmers.”
As of Nov. 17, the Department of Agrarian Reform has distributed 41,675 condonation certificates, and 160,516 CLOAs from July 2022 up to this month.
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