CCT fund should shift for MSMEs – Concepcion

THE Asean Business Advisory Council (ABAC) urged the government to slowly shift the fund for conditional cash transfer (CCT) gradually to micro, small and medium enterprises (MSMEs), ABAC Chairman Joey Concepcion said on Wednesday.

“We are asking the government that part of CCT could slowly shift some of that money to MSMEs not giving them the money but lending them the money, you can still charge them interest, but make it collateral free,” Concepcion said during the The Alliance Towards Prosperity For All press conference.