Bukidnon SMEs get P10.5M assistance

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The Department of Trade and Industry granted P10.5-million worth of facilities to seven micro, small and medium enterprises (MSMEs) in Bukidnon.

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Under its Shared Services Facilities (SSF) program, the DTI appropriated P47 million for the SSF projects in Northern Mindanao for the year, which include beneficiaries in the provinces of Bukidnon, Camiguin, Lanao del Norte and Misamis Oriental and Occidental.

Junar Merla, senior director of DTI-Bukidnon, said that the four other projects were not yet approved because the proponents have to improve their proposals for resubmission. Coffee-based enterprises took up more than half of the allotted P10.5 million in SSF projects in Bukidnon province.

Hineleban Foundation Inc. was given a coffee processing facility worth P3.46 million and Peace Builders Community Inc. received a coffee postharvest and storage shared service facility.

Other SSF beneficiaries of facilities include industries such as abaca handicraft and product enhancement with P1.2-million worth of facilities, bamboo processing with P612,000, hyacinth processing with P300,000 and wood furniture production with P1.1-million facility.

Merla said that the proposals filed should be from MSMEs only, and not large enterprises. He added that the projects approved for MSMEs would increase the “productivity of the industry cluster.”

He also mentioned that the DTI prefers start-up projects which will benefit from the SSF program.

The SSF program is the highest-funded project of the DTI for this year, with P700 million allotted for facilities and equipment provisions for MSMEs nationwide. The program is in line with the government’s aim to increase the competitiveness of MSMEs to help achieve inclusive growth and job generation.

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