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Executive Order No. 50 (2018)
—Section 6 of Republic Act (RA) No. 5977, as amended, or the Magna Carta for Micro, Smalland Medium Enterprises (MSMEs). provides that the President shall approve a six-year micro, small and medium enterprise development plan prepared by the Department of Trade and industry (DTI) which shall form part of the Medium Term Philippine Development Plan, formulated in consultation with the private sector, to be validated and updated semestrally, and which shall include a component on a micro credit fi
Section 1. — MSME Development Plan 2017-2022. —The MSMEDP 2017-2022 is hereby approved All concerned government agencies and instrumentalities, including government-owned or -controlled corporations (GOCCs), and local government units (LGUs)—are—hereby directed to adopt, disseminate and implement the Plan
Section 2.
Coordination with the MSMED Council and Secretariat. —All concerned government agencies and instrumentalities, GOCCs and LGUs are a/so hereby directed to work with the MSMED Council in identifying and carrying out programs and projects for MSMEs, including the appropriation of necessary budgets therefor. The MSMED Council may call upon the participation of concerned government agencies and instrumentalities GOCCs and LGUS in coordination meetings of the committees that may be organized to ensure the implementation of the MSMEDP 2017-2022,
The DTI-BMSMED, as Council Secretariat, shall coordinate and work with the various implementing agencies and entities for the prioritization and sequencing of strategies, policies, programs and projects identified in the Plan, including proposed legislation. The monitoring of outcomes and implementation shall be reported regularity to the MSMED Council.
Section 3.
Funding. —The initial funding for the implementation of the various programs under the MSMEDP 2017-2022 shall be sourced from the applicable budgets of concerned agencies or instrumentalities and such other source to be identified by the Department of Budget and Management. Subsequent funding requirements shalf be included in the respective budgets of concerned agencies or instrumentalities. The implementation of programs under the Plan may also be applied for funding under the MSMED Council Fund, subject to approval and availability thereof. ℒαwρhi৷
Section 4.
Separability Clause—. If any section or part of this Order is held unconstitutional or invalid the other sections or provisions not otherwise affected shall remain in full force or effect.
Section 5.
Repeal ing Clause—. All other orders., guidelines, rules, regulations, and issuances or parts thereof which are inconsistent with the provisions of this Order are hereby repealed or modified accordingly.
Section 6.
Effectivity. —This Executive Order shall take effect immediately.
DONE in the City of Manila, this 4th of April in the year of Our Lord, Two Thousand and Eighteen.
(SGD.)— RODRIGO ROA DUTERTE
By the President:
(SGD.)— SALVADOR C. MEDIALDEA Executive Secretary