Guide to the Magna Carta for Micro Small and Medium Enterprises

groups. The MSMEDC shall also identify not only geographical and sectoralconcerns, but value-chain and/or enterprise resource planning issues as well.This shall be done with the appropriate stakeholders, and encourage thesetting up or expansion of MSMEs in areas where pockets of poverty arepresent which will benefit poor and marginalized sectors.The MSMEDC shall consult with the SB Corporation on the Council’sappropriate action on developmental policies, programs and projectsconcerning access to finance and other credit facilities, including for distressedenterprises that the Council should approve in pursuance to RA 6977, asamended. The MSMEDC shall also consult with relevant agencies on thebasis of concessional rates which shall be limited to incentives for promptcredit payments, arrangements tying amortizations to business cash flows,effective substitution of government guarantee cover on loans for the borrower’slack of collateral.Sec. 10. Other Duties and Functions Implemented through AppropriateGovernment Agencies. The MSMEDC shall, in pursuance to Sec. 9 of thisRule, work through appropriate government agencies to:a) Provide more infrastructure facilities and public utilities to supportoperations of MSMEs in coordination with regional, provincial and cityMSMEDCs;b) Establish, operate, and administer a small business incubationprogram in coordination with academic institutions, Department of Scienceand Technology and other appropriate government entities. The programis intended to provide space for start-up and expanding firms, shared useof equipment and work areas, daily management support servicesessential to high-quality commercial operations, technical assistanceand other services to develop innovative and deserving MSMEs;c) Conduct a nationwide information campaign with the PhilippineInformation Agency and government-private sector/basic sector councilscommissions such as the NAPC, Export Development Council (EDC)and National Commission on the Role of Filipino Women, to inform thepublic of all programs and services, government and nongovernmentavailable to MSMEs. This shall be done in cooperation with existingindustry associations, cooperatives, basic sector organizations such aswomen, informal sector and persons with disabilities;d) Provide local and international network and linkages for MSMEdevelopment in coordination with BMSMED; and,e) Compile and integrate statistical databank on Philippine MSMEs incoordination with the National Statistics Office (NSO) and National36