The House of Representatives has written off unpaid interest on loans secured by farmers, fishermen and agrarian-reform beneficiaries from the government.

It did so by approving via a unanimous 193-0 vote House Bill (HB) 4179 or the Agrarian and Agricultural Credit Condonation Act, which condones unpaid interests, penalties and surcharges of the loans from the Department of Agrarian Reform, Department of Agriculture, People’s Credit and Finance Corp., Cooperative Development Authority, National Food Authority and Quedan and Rural Credit Guarantee Corp.

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