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House bill condoning agri loan penalties passed on final reading
PH🏛️ PoliticsCenter29 min. ago

House bill condoning agri loan penalties passed on final reading

A bill aimed at forgiving unpaid interest, penalties, and surcharges on agricultural loans for farmers, fisherfolk, and agrarian reform beneficiaries was passed by the House of Representatives in the Philippines. The legislation, known as House Bill No. 10750, received unanimous support with 256 affirmative votes. It includes loans from various organizations such as the Department of Agrarian Reform, the Department of Agriculture, and several credit and finance institutions. The bill aims to improve access to credit, restore financial stability, and boost productivity among rural communities.

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Philippine Daily Inquirer logoPhilippine Daily InquirerIndependentCenter29 min. ago
House bill condoning agri loan penalties passed on final reading

A bill aimed at forgiving unpaid interest, penalties, and surcharges on agricultural loans for farmers, fisherfolk, and agrarian reform beneficiaries was passed by the House of Representatives in the Philippines. The legislation, known as House Bill No. 10750, received unanimous support with 256 affirmative votes. It includes loans from various organizations such as the Department of Agrarian Reform, the Department of Agriculture, and several credit and finance institutions. The bill aims to improve access to credit, restore financial stability, and boost productivity among rural communities.

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