This Act promotes job generation, inclusive growth and poverty reduction through the development of micro, small and medium enterprises (MSMEs). It provides for the establishment of "Negosyo Centers" in provinces, cities and municipalities to facilitate access to government and business development services. The Centers support business registration and provide information and assistance concerning training, financing, marketing and technology transfer. The Act provides for a unified and simplified business registration system for MSMEs and establishes the Philippine Business Registry Databank. It also establishes a Start-up Fund to support MSMEs in priority sectors identified in the MSMED Plan. The Act promotes entrepreneurship development, including programmes supporting youth and women entrepreneurs. It strengthens the functions of the Micro, Small and Medium Enterprise Development Council in coordinating and overseeing policies and programmes for MSMEs. It further provides for information dissemination, implementation, appropriations and related amendments to existing legislation.
Филиппины · 2014-06-15