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Rule 7
Micro, Small and Medium Enterprise Development (MSMED) Council
SECTION 1. Strengthening of the Small and Medium Enterprise Development
Council. The existing Small and Medium Enterprise Development Council,
which was created by Republic Act No. 6977, as amended by Republic Act
No. 8289, shall, pursuant to RA 9501, be strengthened to effectively spur the
growth and development of MSMEs throughout the country, and to carry out
the policy declared in the Act. It shall now be known as the Micro, Small and
Medium Enterprise Development (MSMED) Council or for brevity, MSMEDC.
The Council shall be the primary agency responsible for the promotion, growth
and development of small and medium enterprises in the country by way of
facilitating and closely coordinating national efforts to promote the viability
and growth of small and medium enterprises, including assisting relevant
agencies in the tapping of local and foreign funds for small and medium
enterprise development, as well as promoting the use of existing programs,
as well as seeking ways to maximize the use of our labor resources.
Sec. 2. Attachment of the MSMEDC to the DTI. The MSMEDC shall be
attached to the Department of Trade and Industry and shall be constituted
within sixty (60) days after the approval of RA 9501.
Sec. 3. Composition. The Council shall be headed by the Secretary of Trade
and Industry as Chairperson, and may elect from among themselves a Vice-
chairperson to preside over the Council meetings in the absence of the
Chairperson. The members shall be the following:
a) Secretary of Agriculture;
b) Secretary of the Interior and Local Government;
c) Secretary of Science and Technology;
d) Secretary of Tourism;
e) Chairperson of Small Business Corporation;
f) Three (3) representatives from the MSME sector to represent Luzon,
Visayas and Mindanao;
g) One representative from the labor sector, to be nominated by
accredited labor groups; and
h) A representative from the private banking sector: to serve alternately
among the Chamber of Thrift Banks; the Rural Bankers' Association of
the Philippines (RBAP); and the Bankers' Association of the Philippines
(BAP).
Sec. 4. MSME and Labor Representation in the MSMEDC. For the purpose
of appointing the MSME and Labor Sector representatives in the MSMEDC,
the Chair of the MSMEDC shall, within fifteen (15) days from the effectivity of
this IRR, constitute a nominations committee composed of the five ex-officio
members of the MSMEDC as members. The nominations committee shall,
Summary :
The Council shall be the primary agency responsible for the promotion, growth and development of small and medium enterprises in the country by way of facilitating and closely coordinating national efforts to promote the viability and growth of small and medium enterprises, including assisting relevant agencies in the tapping of local and foreign funds for small and medium enterprise development, as well as promoting the use of existing programs, as well as seeking ways to maximize the use of our labor resources.
Tags :
shall,small,council,medium,msmedc,deelopment,secretary,enterprise,labor,sector,chairperson,msme,sec