Government Agency
|
:
|
Small and medium Enterprise
Development (SMED) Council
|
Department of Trade
and Industry (DTI)
|
||
Address
|
:
|
|
Telephone Number
|
:
|
(632) 897 7596
|
(632) 890 4968
|
||
Telefax Number
|
:
|
(632) 896 7916
|
e-Mail Address
|
:
|
Review:
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:
Chairman:
Secretary of Trade and Industry
Members:
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
Kindly Share This Information »»
|
|
|
Tweet |
