BANK loans to micro, small and medium enterprises (MSMEs) missed the required level at the end of last year, according to the Bangko Sentral ng Pilipinas.

Latest central bank data showed that P480.50 billion were set aside for lending to MSMEs at end-2020, falling short of the P841.26 billion mandated under Republic Act 6977, or the “Magna Carta for MSMEs.”

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