An Act Prioritizing The Agricultural Sector In The Grant Of Loans By The Land Bank Of The Philippines, Amending For The Purpose Republic Act No. 3844, As Amended
- This bill proposes to amend the charter of the Land Bank of the Philippines (LBP), allowing it to focus on the provision of affordable credit to the agriculture sector where most poor Filipinos belong.
- It amends the LBP Charter by giving priority to the agriculture sector and putting a cap to the amount of loans the bank may grant for programs and projects in sectors other than agriculture. (80% of the total loanable portfolio (TLP) shall be fro agriculture and only 20% shall be for programs and projects in other sectors.)
COMMENT : Off