Small and medium Enterprise Development (SMED) Council

Government Agency
Small and medium Enterprise Development (SMED) Council
Department of Trade and Industry (DTI)
3rd Floor, Oppen Building, 349 Sen. Gil J. Puyat Avenue Makati City
Telephone Number
(632) 897 7596
(632) 890 4968
Telefax Number
(632) 896 7916
e-Mail Address


The SMED Council is an interagency body established on January 24, 1991 by Republic Act 6977 (and amended by Republic Act 8289), otherwise known as the Magna Carta for Small Enterprises. The Council is attached to the DTI.

The SMED Council is responsible for the promotion, growth, and development of SMEs in the country. It facilitates and coordinates national efforts in SME development. The Council is composed of the following:

Secretary of Trade and Industry

Director-General of the National Economic and Development Authority
Secretary of Agriculture
Secretary of Labor and Employment
Secretary of Environment and Natural Resources
Secretary of Science and Technology
Secretary of Tourism
Chairman of the Monetary Board
Chairman of the Small Business Guarantee and Finance Corporation
Chairman of the Small and Medium Enterprise Promotion Body
Representatives from the private sector representing Luzon, Visayas and Mindanao
A Representative from the private banking sector serving alternately among the Chamber of Thrift Banks; the Rural Bankers Association of the Philippines; and the Bankers Association of the Philippines

The DTI’s Bureau of Small and Medium Enterprise Development (BSMED) is the designated Council Secretariat.

Powers and Functions:
Recommends to the President and Congress policy matters beneficial for SMEs;
Fosters an environment conducive to the growth and development of the SME sector;
Formulates a comprehensive SMED plan to be integrated into the National Economic Development Authority Development Plans;
Coordinates and integrates various government and private sector activities significant to SME development;
Monitors and determines the progress of various agencies geared towards SME development;
Provides the appropriate policy and framework to help relevant government agencies tap local and foreign funds for SME development;
Promotes SME productivity and viability by way of directing and assisting relevant government agencies and institutions at the national, regional, and provincial levels;
Assists in the establishment of modern industrial estates outside urban centers;
Reviews government agencies’ existing policies affecting the growth and development of SMEs and recommend necessary changes to the President; and
Promulgates implementing guidelines, programs, and operating principles in support of government policies and objectives of the Act. For more information on the programs/projects of the Council, write or call the SMED Council Secretariat.

The SMED Council Secretariat
Bureau of Small and Medium Enterprise Development
3rd Floor, Oppen Building
349 Sen. Gil J. Puyat Avenue, Makati City

Phone: (632) 897.7596 890.4968

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