Distribution of Certificates of Condonation and Turnover of Agri-Credit Assistance in Palayan City скачать в хорошем качестве

Distribution of Certificates of Condonation and Turnover of Agri-Credit Assistance in Palayan City

Palayan City, Nueva Ecija September 13, 2024 As he celebrates his birthday today, President Ferdinand R. Marcos Jr. pays homage to all the agricultural workers — whose hard work and sacrifices have greatly contributed to ensuring the nation’s food security — as he joins the Department of Agrarian Reform (DAR) in distributing the Certificates of Condonation with Release of Mortgage (COCRoM) to Agrarian Reform Beneficiaries (ARBs) in Palayan City, Nueva Ecija on September 13, 2024. According to DAR, the distribution in the Province of Nueva Ecija is the first-ever to be held in Central Luzon. Following the passage and full implementation of Republic Act (RA) No. 11953 or the New Agrarian Emancipation Act (NAEA), these certificates exempt the ARBs from estate tax and include them in the Department of Agriculture’s (DA) Registry System for Basic Sectors in Agriculture — serving as a tangible expression of the Administration’s commitment to completely relieve the ARBs from financial burden. A total of 9,832 COCRoM are distributed, relieving around 6,000 ARBs from paying their loans amounting to PhP277 million and cover 10,450 hectares of agricultural lands. During the ceremonial event, the President hands over the COCRoM to 10 select ARBs in the Province. To recall, the Chief Executive signed the NAEA on 7 July 2023 which condones all loans, including interests, penalties and surcharges incurred by ARBs from land awarded under Presidential Decree (PD) 27, RA No. 6657 and RA No. 9700. Around 600,000 farmers are said to benefit from the Law, covering more than 1.7 million hectares of agrarian reform lands nationwide. Apart from the COCRoM, PhP41 million worth of agri-credit checks to 480 ARBs representing 12 ARB Organizations (ARBOs) are also being handed over. During the program, the President and DAR Secretary Conrado Estrella III distribute mock checks to five (5) select Accessible Loan for Empowered, Resilient, and Transformed (ALERT) ARBOs. Another highlight of today’s event is President Marcos Jr. witnessing the live coverage of the ‘Handog ng Pangulo: Serbisyong Sapat Para sa Lahat’, a job fair led by the Department of Labor and Employment (DOLE) that is simultaneously conducted in all districts nationwide. * * Connect with RTVM Website: http://rtvm.gov.ph Facebook: www.facebook.com/presidentialcom and www.facebook.com/rtvmalacanang YouTube: @RTVMalacanang Tiktok: @RTVMalacanang