EDITORIAL

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MSMEs: Major driver of economy

YESTERDAY, the Association of Negros Occidental Food Processors, in coordination with the Department of Trade and Industry (DTI) – Negros Occidental, was scheduled to hold a seminar (“Embracing Life Gracefully: A Magical Journey of Hopes and Possibilities”) in Bacolod City. The activity aimed to heighten the micro, small and medium enterprises’ (MSMEs) awareness in understanding the importance and the impact of life’s balance and harmony that would increase productivity and competitiveness.

MSMEs have become drivers of our economy. To make sure that the government is able to provide assistance to as many individuals and communities as possible, there must be convergence among government agencies that 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.

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.

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.
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