Strengthening SME Development Act

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Republic Act No. 8289: Strengthening SME Development Act

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Title Source: Supreme Court: Strengthening SME Development Act

Law: Republic Act No. 8289

Decision Date: May 6, 1997

Republic Act No. 8289 strengthens the promotion and development of small and medium-scale enterprises (SMEs) in the Philippines by establishing the Small and Medium Enterprise Development Council, providing financing options through the Small Business Guarantee and Finance Corporation, and mandating lending institutions to allocate a certain percentage of their loan portfolio for SMEs.

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