STILL CHARGING onwards, half a decade after President Gloria Macapagal Arroyo launched government help for Small and Medium Enterprise, easy access to short and long term financing has disbursed P140B since 2004.
According to Micro, Small and Medium Enterprise Development Council through the Department of Trade and Industry (DTI) and the Philippine Center for Entrepreneurship’s “Go Negosyo” program, the government access to loans has gotten to 5.3 billion borrowers and has generated 2.46 million new jobs.
Over these developments, the president who was visibly agog conferred the Presidential Awards for Outstanding Micro, Small and Medium Enterprises (MSMEs) recently. This is to recognize SMEs contribution as engines of economic growth.
Mrs. Arroyo also awarded 26 Presidential Citations for best practices in MSME promotion and development to various best practices nationwide, majority of them local government units (LGUs) which have streamlined their respective business licensing units. (PIA)
