Legarda Calls for Convergence Among Gov’t Agencies to Boost Micro EnterprisesAugust 25, 2016
Senator Loren Legarda today called for convergence among government agencies that have programs for micro, small and medium enterprises (MSMEs) to make sure that the government is able to provide assistance to as many individuals and communities as possible.
In a briefing by the Department of Trade and Industry (DTI), Legarda, Chairperson of the Senate Committee on Finance, lauded the agency for targeting those at the “bottom of the pyramid” and for its intention to revive and mainstream the One Town One Product (OTOP) Program. She also said that they should work with other agencies of government that also have programs for MSMEs.
“Several government agencies have micro enterprise programs and we have a number of laws that support MSMEs and provide livelihood opportunities. These agencies should work together to ensure that these programs reach the most number of people and benefit those who really need support from government,” said Legarda.
Aside from DTI, other agencies that have programs on livelihood and MSMEs are the Department of Labor and Employment (DOLE), Department of Science and Technology (DOST), Department of Agriculture (DA), and Technical Education and Skills Development Authority (TESDA), among others.
These agencies are also crucial in the implementation of the Magna Carta for MSMEs, Barangay Kabuhayan Law, and Go Negosyo Act, among other laws on micro enterprises.
“Under the Barangay Kabuhayan Law, TESDA undertakes livelihood and skills training for 4th, 5th and 6th class municipalities. Other agencies will give the necessary funding and technical support, while DTI will help develop and market the products,” said Legarda.
“We have to utilize the available resources in the country and vigorously implement our laws. We need to boost the MSME industry because it is a major driver of our economy. Thru micro enterprises, we are able to provide more opportunities for livelihood to more people, especially the underserved, marginalized, and vulnerable,” Legarda concluded.