{"id":3914,"date":"2020-04-03T10:14:57","date_gmt":"2020-04-03T02:14:57","guid":{"rendered":"https:\/\/pnl-law.com\/blog\/?p=3914"},"modified":"2020-05-23T23:15:56","modified_gmt":"2020-05-23T15:15:56","slug":"recovery-package-for-micro-and-small-enterprises-engaged-in-agriculture-and-fisheries-food-production-and-other-supply-chain-activities","status":"publish","type":"post","link":"https:\/\/pnl-law.com\/blog\/recovery-package-for-micro-and-small-enterprises-engaged-in-agriculture-and-fisheries-food-production-and-other-supply-chain-activities\/","title":{"rendered":"Recovery Package for Micro and Small Enterprises Engaged in Agriculture and Fisheries Food Production, and other Supply Chain Activities"},"content":{"rendered":"\n<p>The government has rolled out a number of social amelioration programs in order to mitigate the socio-economic impact of the COVID-19 health crisis during the Enhanced Community Quarantine (ECQ), pursuant to the <a href=\"https:\/\/pnl-law.com\/blog\/bayanihan-to-heal-as-one-act-republic-act-no-11469-full-text\/\">Bayanihan to Heal as One Act<\/a> (<a href=\"https:\/\/pnl-law.com\/blog\/bayanihan-to-heal-as-one-act-republic-act-no-11469-full-text\/\">Republic Act No. 11469<\/a>) and its <a href=\"https:\/\/pnl-law.com\/blog\/implementing-the-bayanihan-to-heal-as-one-act-republic-act-no-11469-full-text-of-the-memorandum-from-the-executive-secretary\/\">Implementing Directives<\/a>. Among the social amelioration programs (see <a href=\"https:\/\/pnl-law.com\/blog\/social-amelioration-programs-for-the-community-quarantine-by-reason-of-covid-19\/\">List of Social Amelioration Programs<\/a>) provided in <em>Joint Memorandum Circular No. 1<\/em> is the <em>Recovery Package for Micro and Small Enterprises Engaged in Agriculture and Fisheries Food Production, and other Supply Chain Activities in Accordance with the Agripreneurship Development Fund\/Program of the ACPC<\/em>.\u00a0<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>This is a package consisting of financial assistance and capacity building for micro and small enterprises engaged in agriculture and fisheries production, and other supply chain activities, to ensure the availability of food supply, and help them recover their losses due to the enhanced community quarantine.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Micro enterprise <\/strong>&#8211; Any business activity or enterprise engaged in industry, agribusiness and\/or services, whether single proprietorship, cooperative, partnership or corporation whose total assets, inclusive of those arising from loans but exclusive of the land on which the particular business entity\u2019s office, plant and equipment are situated, must have a value of <strong>not more than PhP 3,000,000<\/strong>.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Small enterprise <\/strong>&#8211; Any business activity or enterprise engaged in industry, agribusiness and\/or services, whether single proprietorship, cooperative, partnership or corporation whose total assets, inclusive of those arising from loans but exclusive of the land on which the particular business entity\u2019s office, plant and equipment are situated, must have a value of <strong>PhP 3,000,001 to PhP 15,000,000<\/strong>.<\/li><\/ul>\n\n\n\n<p>Eligible borrowers may avail of loan assistance amounting to Three Hundred Thousand Pesos (<strong>PhP 300,000<\/strong>) up to 90% of their projected cost, but <strong>not to exceed 15 Million Pesos<\/strong>.&nbsp;<\/p>\n\n\n\n<p>Government financial institutions (GFIs) and Non-Government Financial Institutions shall implement this program by extending loans directly to eligible loan borrowers.&nbsp;<\/p>\n\n\n\n<p>[See also: <a href=\"https:\/\/pnl-law.com\/blog\/social-amelioration-programs-for-the-community-quarantine-by-reason-of-covid-19\/\">Social Amelioration Programs for the Community Quarantine by Reason of COVID-19<\/a>; <a href=\"https:\/\/pnl-law.com\/blog\/emergency-subsidy-program-esp-during-the-community-quarantine\/\">Emergency Subsidy Program (ESP) during the Community Quarantine)<\/a>; <a href=\"https:\/\/pnl-law.com\/blog\/target-beneficiaries-of-the-government-social-amelioration-program-for-covid-19\/\">Target Beneficiaries of the Government Social Amelioration Program for COVID-19<\/a>; <a href=\"https:\/\/pnl-law.com\/blog\/documentary-requirements-to-avail-of-government-social-amelioration-programs\/\">Documentary Requirements to Avail of Government Social Amelioration Programs for COVID-19<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government has rolled out a number of social amelioration programs in order to mitigate the socio-economic impact of the COVID-19 health crisis during the Enhanced Community Quarantine (ECQ), pursuant to the Bayanihan to Heal as One Act (Republic Act No. 11469) and its Implementing Directives. Among the social amelioration programs (see List of Social [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1362],"tags":[965,885,808,821,959,964,953,960,90,963,954],"class_list":["post-3914","post","type-post","status-publish","format-standard","hentry","category-msmes","tag-agriculture","tag-bayanihan-to-heal-as-one-act","tag-community-quarantine","tag-enhanced-community-quarantine","tag-fisherfolks","tag-fisheries","tag-joint-memorandum-circular-no-1","tag-micro-enterprises","tag-philippines","tag-small-enterprises","tag-social-amelioration-programs"],"_links":{"self":[{"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/posts\/3914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/comments?post=3914"}],"version-history":[{"count":3,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/posts\/3914\/revisions"}],"predecessor-version":[{"id":3930,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/posts\/3914\/revisions\/3930"}],"wp:attachment":[{"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/media?parent=3914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/categories?post=3914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pnl-law.com\/blog\/wp-json\/wp\/v2\/tags?post=3914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}