STATE-RUN Land Bank of the Philippines (LandBank) announced on Tuesday it approved P4.3 billion in loans to allow local government units (LGUs) to purchase palay (unmilled rice) from local farmers.
According to LandBank, it has so far approved loans to six local government units under its “PAlay aLAY sa Magsasaka ng Lalawigan” (Palay ng Lalawigan) lending program.
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