Iskolar Ng Landbank Scholarship 2023

What is Landbank?

Land Bank of the Philippines (LANDBANK) is a government-owned financial institution in the Philippines. It was established in 1963 as a state-owned bank specifically catering to the needs of farmers and fishers, as well as the agricultural sector as a whole. LANDBANK plays a crucial role in promoting rural development, supporting agrarian reform, and providing financial services to uplift the lives of farmers, fishers, and other rural stakeholders.

As a universal bank, LANDBANK offers a wide range of financial products and services to individuals, businesses, government agencies, and other institutions. Its services include deposit accounts, loans, investments, remittances, electronic banking, and treasury operations. LANDBANK operates through its extensive network of branches and lending centers across the country, ensuring accessibility and convenience for its clients.

LANDBANK is recognized as a key partner of the government in implementing various programs and initiatives that aim to promote inclusive growth, poverty reduction, and sustainable development. It actively supports the agricultural sector by providing credit facilities, technical assistance, and financial literacy programs. LANDBANK also participates in government projects related to infrastructure development, social services, and environmental sustainability.

Being a government-owned bank, LANDBANK adheres to strict governance standards and practices. It is committed to transparency, accountability, and responsible banking. LANDBANK's operations are guided by its mandate to serve as a catalyst for countryside development, supporting the government's efforts to reduce poverty and improve the living conditions of rural communities.

Throughout its history, LANDBANK has remained steadfast in its commitment to serving the Filipino people. It continues to evolve and adapt to the changing needs of its clients and the country, leveraging technology and innovation to enhance its services and reach a wider audience. As a trusted and reliable financial institution, LANDBANK contributes significantly to the economic growth and social progress of the Philippines, particularly in the rural and agricultural sectors.

Landbank Scholarship Announcement

The Land Bank of the Philippines (LANDBANK) has introduced a new scholarship program to support deserving dependents of agrarian reform beneficiaries (ARBs) and small farmers and fishermen across the country.

The program, called "Iskolar ng LANDBANK," has allocated a total of P128 million to cover the educational expenses of 360 scholars from 2023 to 2028.

The Iskolar ng LANDBANK Program aims to develop scholars and nurture talents who will contribute to the nation. LANDBANK's goal is to produce 600 graduate scholars, including those from their previous scholarship program, in celebration of their 60th anniversary this year.

LANDBANK President and CEO Cecilia Cayosa Borromeo said, "We are committed to supporting and guiding students in their educational journey. The Iskolar ng LANDBANK Program is part of our efforts to assist the agriculture sector. We are providing opportunities for young individuals to improve the lives of their families and communities. Our aim is to help them successfully enter the workforce and become valuable contributors to nation-building."

To be eligible for the program, applicants must be children or grandchildren of ARBs and small farmers and fishers. They should have graduated from high school with a minimum average grade of 90% or be in the top 10% of their class.

The scholarship will support 60 new scholars each year from now until 2028. Each scholar will receive an annual allowance of P100,000 to cover expenses for books, clothing, and other course requirements. Scholars who graduate with honors will also receive special cash incentives.

There are 12 eligible courses for the scholars to choose from, including horticulture, animal science, food technology, data analytics, information technology, accounting, agribusiness management, and various engineering disciplines.

Initially, LANDBANK will partner with 12 State Colleges and Universities (SUCs) nationwide to accommodate scholars in different regions of the Philippines.

Iskolar graduates will have the opportunity to undergo on-the-job training (OJT) in LANDBANK Branches and Lending Centers, as well as in partner agencies and institutions.

The management of the Iskolar ng LANDBANK Program will be entrusted to the LANDBANK Countryside Development Foundation, Inc. (LCDFI), which is LANDBANK's corporate foundation responsible for providing training and capacity-building programs.