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.

Marcos condones P206-M debt of farmers

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.