The Sugar Regulatory Administration (SRA) and the Land Bank of the Philippines (LBP) have signed a memorandum of agreement to implement the socialized credit program under the Farm Support and Farm Mechanization Programs of the Sugarcane Industry Development Act (SIDA).
The socialized credit program or Socialized Credit Facility (SCF) will be available to SRA-registered sugarcane farmers, block farms, and planters’ cooperatives, associations, federations, and Common Service Providers.
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