The Land Bank of the Philippines (LandBank) has announced the new selection criteria for its scholarship program called “Iskolar ng LandBank,” and will soon accept applications.
The program will provide financial assistance to scholars from the 60 poorest provinces in the country.
The program aims to assist dependents of agrarian reform beneficiaries (ARBs) and small farmers and fisheries nationwide.
“We want the Iskolar ng LANDBANK Program to create meaningful impact in the lives of deserving students who really need assistance the most. We are now reaching out to our partner cooperatives, associations, and organizations in the agri sector to nominate dependents from among their members,” said Bankero, LandBank President and CEO Cecilia Cayosa Borromeo.
LandBank will select 60 scholars each year from 2023 to 2028 and provide them with P100,000 each per year to cover allowance and expenses for books, clothing, and other course requirements.
The eligible applicants for the scholarship are the children or grandchildren of ARBs or small farmers and fishers who are graduating high school students, with a minimum average grade of 90% or belonging to the top 10% of their class.
The applicants must also have a letter of endorsement from their senior high school principal, must not enjoy any other financial assistance, grant, or scholarship from other external sources, and must pass the admission requirements of partner State Colleges and Universities (SUCs).
The eligible courses for the Iskolar ng LandBank Program are horticulture, animal science, food technology, data analytics, information technology, accounting, agribusiness management, and agricultural, IT, industrial or management, civil, and mechanical engineering.
The program also offers on-the-job (OJT) training in LandBank branches and lending centers, including the Bank’s partner agencies and institutions.
The Iskolar ng LandBank Program is part of the Bank’s celebration of its 60th anniversary this year, and it carries the theme “600@60: Developing Scholars and Nurturing Talents Towards Serving the Nation.”