About 3,500 agrarian reform beneficiaries (ARBs) in the province of Tarlac are set to receive Certificates of Condonation and Release of Mortgage (CoCroM) on Monday, September 30.
A total of 4,663 certificates will be distributed to the ARBs who till over 4,132 hectares of agricultural land.
Department of Agrarian Reform (DAR) Regional Director James Arsenio Ponce disclosed
that this translates to around P124 million in debt to be written off in line with Republic Act 11953, otherwise known as the New Agrarian Emancipation Act (NAEA).
“The scheduled distribution of Condonation Certificates in Tarlac marks the third milestone event for the ARBs of Central Luzon,” he furthered.
Prior to this, DAR distributed certificates of condonation to 1,000 ARBs in Bulacan and 6,000 ARBs in Nueva Ecija.
Ponce stressed that the awarding of CoCrOM in the province conveys the government’s endeavor and commitment to improve the income and quality of life of farmers in the country.
NAEA complements the government’s Comprehensive Agrarian Reform Program by alleviating the debt, including unpaid amortizations, interests and surcharges, incurred by ARBs from the lands granted to them by the government.
More than 600,000 Filipino farmers across the Philippines, covering more than 1.7 million hectares of land, are expected to benefit from this law. (CLJD/TJBM, PIA Region 3-Tarlac)