The Land Bank of the Philippines (Landbank) has launched a scholarship program that aims to provide educational assistance to qualified dependents of agrarian reform beneficiaries (ARBs), small farmers, and fishers nationwide.
The “Iskolar ng Landbank Program” will allot a total of P128 million to cover the educational expenses of 360 scholars from 2023 to 2028.
“LANDBANK is committed to develop and nurture students as we assist in their journey from education to employment. The Iskolar ng LANDBANK Program underscores our efforts toward this end, and forms part of our intensified support to the agri sector. We are opening opportunities for the youth to improve the lives of their families and their communities, guiding them to successfully join our workforce and become significant contributors to nation-building,” said Bankero, Landbank President and CEO Cecilia Cayosa Borromeo.
The scholarship program will support 60 new scholars annually from this year until 2028, each receiving P100,000 per year to cover expenses such as allowance, books, clothing, and other course requirements. Scholars who graduate with honors will also receive special cash incentives.
It will be open to children and grandchildren of ARBs and small farmers and fishers who are high school graduates, with a minimum average grade of 90 percent or belong to the top 10 percent of their class.
The scholars can choose from 12 eligible courses, which include horticulture, animal science, food technology, data analytics, information technology, accounting, agribusiness management, as well as agricultural, IT, industrial or management, civil, and mechanical engineering.
The program will be managed by the LANDBANK Countryside Development Foundation, Inc. (LCDFI), the bank’s corporate foundation that provides training and capacity-building programs.