The proposed Plant Now, Pay Later Act would replace the 2009 Agri‑Agra Reform Credit Act, require banks to set aside at least 25 % of their loanable funds for agriculture and fisheries, and mandate zero‑interest loans that match farming cycles. Penalties on banks that do not meet the quota would fund a Special Fund, part of which would support land titling and interest‑free credit through the Landbank and Development Bank. The law also calls for digital banking tools to reach remote rural areas and creates an Overs
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB08959. Status changes over time; check the link for the latest.
HB08959 · Sources: BatasWatch
Status history
No changes since we started checking daily on Oct 4, 2026.
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.