Magna Carta for Small Enterprises E-Mail
Autor: jon • March 14, 2011 • Essay • 339 Words (2 Pages) • 3,213 Views
Republic Act No. 8289: Magna Carta for Small Enterprises E-mail
Wednesday, 18 March 2009 17:32
SUMMARY
"AN ACT TO STRENGTHEN THE PROMOTION AND DEVELOPMENT OF AND ASSISTANCE TO SMALL AND MEDIUM SCALE ENTERPRISES, AMENDING FOR THAT PURPOSE REPUBLIC ACT NO. 6977, OTHERWISE KNOWN AS THE "MAGNA CARTA FOR SMALL ENTERPRISES" AND FOR OTHER PURPOSES"
Signed: May 6, 1997
Republic Act 6977 was enacted in recognition of the potential of small and medium enterprises to generate employment and economic growth and to promote its growth and development. It espouses the principle of having minimal set of rules, simple procedures and requirements, minimum regulation to encourage entrepreneurial spirit.
This law amended RA 6977. It increased the required value of the total assets of small and medium enterprises. Among those eligible for government assistance are business activities within the major sectors of the economy. Programs of financing corporation shall be exclusively targeted to medium, small and micro-sized enterprises. This law will benefit women who may now undertake business activities and get structural, financial and technical support from this law.
Republic Act No. 8289: Magna Carta for Small Enterprises E-mail
Wednesday, 18 March 2009 17:32
SUMMARY
"AN ACT TO STRENGTHEN THE PROMOTION AND DEVELOPMENT OF AND ASSISTANCE TO SMALL AND MEDIUM SCALE ENTERPRISES, AMENDING FOR THAT PURPOSE REPUBLIC ACT NO. 6977, OTHERWISE KNOWN AS THE "MAGNA CARTA FOR SMALL ENTERPRISES" AND FOR OTHER PURPOSES"
Signed: May 6, 1997
Republic Act 6977 was enacted in recognition
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