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National Economic and Development Authority (NEDA) Director-General and
Industrial Guarantee and Loans Fund (IGLF) Review Committee Chair Romulo
L. Neri (right) awards a check to Department of Trade and Industry (DTI)
Assistant Secretary Carissa Cruz-Evangelista (right) after the signing
of the Memorandum of Agreement between NEDA, the DTI and IGLF held recently
at the NEDA Boardroom, Pasig City. The IGLF has released the check for
DTI’s Revised One Town-One Product (OTOP) Program and the Summit
on Guidelines for Halal Food. Five projects were given a total of PhP14.625
million in grants to be financed under the fund, which is geared for wholesale
lending to small and medium enterprises (SMEs) via government financial
institutions. Aside from DTI’s projects, others are Don Mariano
Marcos State University’s Collaborative Program on Food Development
and Packaging for Sustainable Development, SME Development Council of
Pampanga’s Capacity Building and Competitiveness Enhancement for
SMEs and University of the Philippines-Institute for Small Scale Industries
(UP-ISSI) for it’s conduct of capability-enhancement seminars for
SME entrepreneurs and loan officers.
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