Designated Beneficiaries of the Fund
- Government agencies eligible to avail funds for projects include:
- Department of Trade and Industry (DTI)
- Department of Science and Technology (DOST)
- University of the Philippines-Institute for Small Scale Industries (UP-ISSI)
- Cooperative Development Authority (CDA)
- Technical Education and Skills Development Authority (TESDA)
- Technology and Livelihood Resource Center (TLRC)
- End beneficiaries are the Barangay Micro Business Enterprises (BMBEs) as defined in RA 9178 Section 3
Qualifying Projects for Funding
- Projects must pertain to technology transfer, production and management training, or marketing assistance
- Must not be funded by the proposing agencies' regular budgets
- Eligible project categories include:
- Entrepreneurship development
- Skills training
- Business advisory services
- Technology interventions
- Technology incubation or commercialization
- Policy advocacy including activities and studies
- Database development
- Business matching activities
- Trade fairs and missions
- Other related activities benefiting BMBEs
Procedures for Availing the Fund
- Project proposals must be submitted to the SMED Council six months before the intended calendar year of implementation
- A Technical Working Group (TWG) is constituted by the SMED Council, including representatives from BSP, NEDA, SBGFC, DOLE, and SME sector (leader)
- TWG evaluates and prioritizes proposals using a merit-based point system
- Required proposal details:
- Project name and proponent
- Responsible officials and designations
- Target beneficiaries and employment impact
- Existing funding sources
- Deliverables and total project cost
- Justification for financial assistance
- Actions taken by agency project screening committee
- Execution requires a Memorandum of Agreement (MOA) between the executing agency and SMED Council before fund transfer
Reporting and Accountability Measures
- SMED Council submits annual accomplishment reports to Congress and the Office of the President
- SB Corporation, as fund manager, submits semi-annual utilization and status reports to SMED Council, certified by its Chairman and COA Resident Auditor
- Executing agencies submit quarterly audited and progress reports on project implementation to the SMED Council
Effectivity and Access to Documentation
- Guidelines effectuate 15 days after publication in a newspaper of general circulation
- Copies of implementing guidelines and required forms available at the Bureau of Small and Medium Enterprises Development, Makati City
Separability Clause
- If any provision is declared invalid or unconstitutional, the remaining provisions shall remain valid and effective