RA 583 Section 3

Section 3

SEC. 3. Each applicant for a loan under this Act shall be entitled to borrow not more than thirty pesos for every hectare of land farmed by him. The period of such loan shall not exceed one agricultural year. The said loan shall be granted only for the purpose of (1) financing farm operations, (2) defraying the applicant's subsistence during the working season, and/or (3) purchasing seeds or seedlings, work animals, farm implements, and fertilizers.

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Other provisions in RA 583

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 583 Section 3 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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