DAR relieves PHP720M debt for agrarian reform beneficiaries
On Tuesday, December 10, 2024, the Department of Agrarian Reform (DAR) announced that agrarian reform beneficiaries from Cagayan were relieved of PHP392 million in debt.
In a separate event on Thursday, DAR distributed Certificates of Condonation with Release of Mortgage (COCROMs) to 4,029 beneficiaries in Northern Mindanao, clearing PHP327.937 million in collective debt.
The COCROM distribution fulfills provisions of Republic Act 11953, or the New Agrarian Emancipation Act, which condones all loans and penalties incurred by agrarian reform beneficiaries under previous land laws.
DAR also distributed 1,075 e-titles to 862 beneficiaries covering 1,140.3341 hectares of land in Northern Mindanao, while a total of 651 Certificates of Land Ownership Award were given to 717 ARBs covering 250.6028 hectares.
These initiatives aim to support agricultural productivity and rural development across the region.
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
Topics in this story
Explore more stories about these topics