MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES)

SMED Plan

The MSMED Plan 2011-2016 aims to promote, support, strengthen, and encourage the growth and development of MSMEs in all productive sectors of the economy. The plan serves as the framework for the convergence of initiatives adopted and implemented by multi-stakeholders towards the growth and development of the MSME sector in the country.
 
The MSMED Plan was developed in consultation with national, regional, and provincial stakeholders. A participatory approach was adopted involving a series of stakeholder consultation, validation, and recalibration workshops participated in by representatives from the private sector, LGUs, national government agencies, the academe, and civil society.

The MSMED Plan has four major outcome or result portfolios, namely Business Environment (BE), Access to Finance (A2F), Access to Markets (A2M), and Productivity and Efficiency (P&E). It will also take into consideration global themes and cross-cutting issues related to gender, climate change, corporate social responsibility, and migration.




 
SME Development Plan 2004-2010 presents the integrated efforts to strengthen and stimulate the micro, small, and medium enterprise (MSME) sector so it can contribute significantly to the country’s development. This Plan aims to make the sector a key factor in the country’s economic growth by 2010.

The plan is designed to be carried out in three stages: roll-out, assessment of interim results, and re-programmed implementation. It projects to increase the MSME sector’s gross value added contribution to 40% of aggregate by 2010. It also intends to make the  sector a major contributor to export growth, with exporting MSMEs achieving a 16-% annual growth rate in export sales. These are expected to come about mainly through the creation of globally competitive MSMEs and assistance extended to them in aggressively seeking new market and product opportunities.


To meet the issues and challenges of the sector, the Plan sets down the following strategies:
  • To enhance operations of the individual SME
  1. Provide SMEs access to comprehensive and focused support for enhancing managerial and technological capabilities, tapping  business opportunities, and becoming competitive in the local and international markets.
  2. Provide support for identifying and developing business opportunities through the development of business ideas that promote the expansion and diversification of the country’s industrial structure.
  • To assist priority industries
  1. Strengthen support to the growth industries that are active in the international markets to sustain and enhance their competitiveness and improve their access to the domestic market.
  2. Provide support for industrial linkages of SMEs with leading Philippine industries to strengthen the country’s industrial structure.
  • To improve the SME operational environment
  1. Develop SME financing support programs and strengthen the institutions that provide direct and appropriate financial services to SMEs.
  2. Streamline the systems that provide support programs and incentives for SMEs.
  3. Streamline the implementation of SME policies and regulations.
  4. Strengthen and build the capabilities of institutions that generate and implement programs for SME development.
The SMED Plan was launched during the celebration of the 2004 SMED Week. In October 2005, a proposal was submitted to and consequently approved by the German Technical Cooperation (GTZ) and the Canadian International Development Agency (CIDA) for the funding of the services of a consultant/facilitator who will professionally facilitate and document the discussions of the activity groups. Following the said approval, the Bureau of Micro, Small, and Medium Enterprises Development (BMSMED) conducted action planning and harmonizing workshops for the activity groups under the plan.  

In formulating the SMED Action Plan, the lead agencies were assisted/guided in clarifying the specific gaps addressed by their programs and projects and the improved or desired situation envisioned in their targets.The clarification of program targets resulted in the streamlining of the activity groups from the original 48 to 10 groups as the similarities and differences in their envisioned deliverables were sharpened.

The Plan has the following 4 outcome portfolios:
  • Business and Investment Enabling Environment (BIEE);
  • Access to Finance (A2F);
  • Access to Market (A2M); and
  • Productivity and Efficiency (P&E)
Wednesday, April 23, 2014 10:35PM GMT+8

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