‘Iskolar ng LandBank’ to accept beneficiaries from poorest areas
The Land Bank of the Philippines (LANDBANK) will soon accept applications for its new scholarship program and select scholars from the poorest 60 provinces in the country.
Under the Iskolar ng LANDBANK Program, the Bank will select the scholars from nominations endorsed by the Bank’s partner-organizations composed of farmers and fishers.
This new selection process was announced after the Bank received numerous queries from interested applicants following the program’s launch last February.
“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 LANDBANK President and CEO Cecilia Cayosa Borromeo.
The Iskolar ng LANDBANK Program is designed to assist deserving dependents of agrarian reform beneficiaries (ARBs) and small farmers and fisheries nationwide.
From 2023 to 2028, LANDBANK will select sixty scholars each year, to be provided with P100,000 each per year to cover allowance and expenses for books, clothing, and other course requirements. Special cash incentives will also be awarded to scholars who will graduate with honors.
Eligible applicants shall be 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.
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; must pass the admission requirements of partner State Colleges and Universities (SUCs); and whose annual total family income must not exceed Php 300,000.00.
Successful applicants have 12 eligible courses to choose from, namely horticulture, animal science, food technology, data analytics, information technology, accounting, agribusiness management, and agricultural, IT, industrial or management, civil, and mechanical engineering.
Iskolar graduates will be also offered on-the job (OJT) training in LandBank Branches and Lending Centers, including the Bank’s partner agencies and institutions.
The Iskolar ng LandBank Program carries the theme: “600@60: Developing Scholars and Nurturing Talents Towards Serving the Nation,” representing the Bank’s target 600 scholar graduates—which includes graduates from the Bank’s previous scholarship program—in celebration of the bank’s 60th anniversary this year.