The P2.2-million grant for Capiz SME Center has been approved by the Philippine-Australian Community Assistance Program (PACAP) under the Australian Agency for International Development (AusAID), according to the Department of Trade and Industry (DTI).
A project of the Provincial Small and Medium Enterprise Development Council (PSMEDC), the Center was conceived to provide efficient, effective and quality service/assistance to small and medium enterprises (SMEs) and other target groups in order to spur the economic growth and development of Capiz.
The SMEDC is composed of various stakeholders in the SMEs sector led by the provincial government, Capiz Multi-Purpose Cooperative and DTI.
The funding grant for the Center was approved by PACAP along with those of six other SME projects in the province worth P12 million.
The DTI provincial office said the Center will initiate and implement programs and projects that would improve the managerial competence of entrepreneurs, ensure product sustainability, and provide relevant and timely market information needed for business decisions.
It will supervise and coordinate the activities of other PACAP grant recipients, as well as ensure that PACAP policies and guidelines are properly observed while individual SME/NGO goals and objectives are realized.
The SMEDC, provincial government of Capiz and DTI provincial office have made a commitment to support the Center.
SMEs make up one of the priority thrusts of the government and have contributed in the making the economy buoyant and on the upward trend as indicated by current developments in the economic front. (PNA)
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