LandBank, ACPC launch rice modernization loan facility

MANILA, Philippines – State-run Land Bank of the Philippines and the Agricultural Credit Policy Council (ACPC) unveiled a specialized financing facility aimed at modernizing the country’s rice sector. Landbank said the Agri-Negosyo Loan Program–Palay Yield Enhancement Financing Facility (ANYO-Palay) will help small rice farmers adopt practical technologies that can raise yields, better manage risks and improve overall farm efficiency. Through the financing facility, eligible rice farmers may borrow up to P30,000 per hectare for production inputs, with a limit of three hectares. They can also secure up to P25,000 for digital farming tools and technologies. READ: Landbank enhances farmer-friendly loan […]... Keep on reading: LandBank, ACPC launch rice modernization loan facility

Original source: Philippine Daily Inquirer