Law Summary
Creation and Role of the Small and Medium Industries Commission
- A Small and Medium Industries Commission is established within the Department of Industry.
- The Commission’s core functions include promoting, assisting, and developing medium and small-scale industries.
- It conducts studies, surveys, research, and technical assistance programs focused on these industries.
- The Commission coordinates and integrates policies and programs related to technical, financial, marketing, purchasing, and promotional support targeted at small and medium-scale industries.
Inter-Agency Coordination through Commission Membership
- The following government agencies nominate representatives to the Commission for purposes of coordination, consultation, and liaison:
- Department of Local Government and Community Development
- Department of Trade
- U.P. Institute of Small-Scale Industries
- Development Academy of the Philippines
- National Manpower and Youth Council
- Central Bank of the Philippines
- Development Bank of the Philippines
- National Economic and Development Authority (NEDA)/CB Industries Guarantee Loan Fund
- National Science Development Board
- Food Terminal, Inc.
- Design Center Philippines
- This membership structure facilitates collaborative government effort.
Repeal and Replacement of Prior Entities
- The newly formed Commission on Small and Medium Industries replaces the National Council for Medium and Small-Scale Industries.
Leadership of the Commission
- The Commission shall be headed by one of the Undersecretaries of the Department of Industry.
Effectivity Clause
- The decree takes immediate effect upon promulgation.
These provisions reflect a structured enhancement of the Department of Industry's organizational setup to improve industrial sector development, particularly focusing on the growth and support of small and medium-sized enterprises via coordinated government efforts.