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LandBank to give ARBs children P100K annual scholarship grant

State-run Land Bank of the Philippines (LandBank) on Sunday said it will provide P100,000 worth of yearly scholarship grants to 60 children of agrarian reform beneficiaries (ARBs), farmers, and fisherfolk yearly until 2028.

Under the Iskolar ng LandBank Program, the lender will select 60 scholars per year from 2023 to 2028, providing P100,000 annually to cover allowance and expenses for books, clothing, and other course requirements.

Those eligible for the grant are children and 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.

They must also submit a letter of endorsement from their senior high school principal, pass the admission requirements of partner State Colleges and Universities (SUCs), have a total family income less than P300,000, and not have any other financial assistance, grant, or scholarship.

The chosen scholars can enroll in courses such as horticulture, animal science, food technology, data analytics, information technology, accounting, agribusiness management, and agricultural, IT, industrial or management, civil, and mechanical engineering.

The Iskolar ng LandBank graduates will be offered on-the-job (OJT) training in LandBank branches and lending centers, including in partner agencies and institutions.

“We want the Iskolar ng LandBank Program to create meaningful impact in the lives of deserving students who really need assistance the most,” LandBank President and CEO Cecilia Borromeo said.

“We are now reaching out to our partner cooperatives, associations, and organizations in the agri sector to nominate dependents from among their members,” she added.

LandBank is mandated to promote countryside development while remaining financially viable. It implements the comprehensive agrarian reform program (CARP), provides assistance to small farmers and fisherfolk, and serves as an official depository of government funds. —LBG, GMA Integrated News