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Senator Cynthia Villar (left), chairman of the Committee on Agriculture and Food, inquires from Edgardo Luzano, Program Management Department manager of Land Bank, the bank mandated by Republic Act 10848, which extended the life of the Agricultural Competitiveness Enhancement Fund, on how the funds are given out as loans. LandBank reported that out of the P4.8 billion released to them, they were able to lend P4.4 billion. Villar also asked Luzano to make the application process easier and not intimidating to farmers who stand to benefit the most from cheap credit.
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