Philippine Information Agency
27 Jan 2021, 18:38 GMT+10
DAET, Camarines Norte, Jan. 27 (PIA) - A total of 607 beneficiaries received livelihood assistance from the Department of Trade and Industry (DTI) last year as part of the department's commitment for the Social Amelioration Program (SAP) of the national government.
During the virtual discussion at "Talakayan sa PIA" cum radio program over DWCN-FM held Jan. 25, DTI Officer-In-Charge Christie A. Rivera said that more than P5 million was disbursed by the government for the livelihood kits which were given to the beneficiaries.
The livelihood assistance was given free to beneficiaries under the DTI-Pangkabuhayan sa Pagbangon at Ginhawa (DTI-PPG), Livelihood-Seeding Program-Negosyo sa Barangay (LSP-NSB), Techno-transfer activities for existing Micro Small and Medium Enterprises.
The beneficiaries under DTI-PPG were 15 Former Rebels (FRs), a family of one soldier killed in action and 227 DTI assisted Micro-Small and Medium Enterprises (MSMEs). Beneficiaries received not more than P10,000 worth of livelihood kit each.
For the LSP-NSB beneficiaries were 253 DTI assisted MSMEs who were affected by the pandemic and typhoons in barangays where the program was already conducted. Beneficiaries received not more than P8,000 livelihood kit each.
The techno-transfer activities for existing MSME were provided to 111 participating MSMEs through training on producing new products and improving the existing one. Beneficiaries received not more than P7,000 worth of livelihood kit each.
The DTI also assisted 453 MSMEs through the creation of facebook page, production of video advertisement and ads boosting for online selling and promotion.
DTI OIC-Provincial Head Provincial Director Christie A. Rivera discusses livelihood and loan assistance especially for those affected by pandemic and recent typhoons, during the virtual discussion at "Talakayan sa PIA" cum radio program over DWCN-FM held Jan. 25 (RBManlangit-PIAV/Camarines Norte)
Another program is the loan facilitation through the Pondo sa Pagbabago at Pag-asenso Covid-19 Assistance to Restart Enterprises (P3-CARES)
This is being implemented by the Small Business Corporation (SB Corp), the financing arm of the DTI in nine (9) Negosyo Centers in the province. Loans are extended not only to DTI-MSMEs assisted customers but also to walk- in clients.
A total of 190 beneficiaries availed of loan with zero interest last year and SB Corp disbursed more than P11.9 million for the program.
Negosyo Centers are located in the municipalities of Basud, Daet, Mercedes, Labo, Jose Panganiban, Sta. Elena, Vinzons, Paracale and at DTI-Provincial Office.
The said program is under Bayanihan 2 wherein beneficiaries can avail loan up to P3 million with 6-8% service fee per annum and zero interest. Application is through online at SB Corp facebook page and still on-going.
The SB Corp is being handled by its Coordinator Sharmaine Perfecto which is also located at the DTI Office in Camarines Norte.
The DTI is also eyeing this year to create a website to promote products of MSMEs in Camarines Norte via online.
PIA Camarines Norte's "Talakayan sa PIA" hosted by ICM Rose Manlangit is aired over DWCN-FM and can also be accessed at PIA Camarines Norte Facebook page. (RBManlangit-PIAV/Camarines Norte)
Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More InformationNew Delhi [India], February 26 (ANI): Indian boxer Deepak Kumar continued his sensational run at the 72nd Strandja Memorial Tournament ...
New Delhi [India], February 26 (ANI): External Affairs Minister (EAM) S Jaishankar on Friday said that governments should support the ...
Manila [Philippines], February 26 (ANI/Xinhua): The Department of Health (DOH) of the Philippines reported on Friday 2,651 new COVID-19 cases, ...
London [UK], February 26 (ANI): Global container shipping companies' performance will be strong in 2021 after a profitable 2020, according ...
Mumbai (Maharashtra) [India], February 26 (ANI/NewsVoir): Aditya Birla Health Insurance Company Ltd. (ABHICL), the Health Insurance subsidiary of Aditya Birla ...
BANGKOK - The government of Laos issued new guidelines for managing hydropower dams aimed at minimizing water shortages and flooding, ...
SYDNEY, NSW, Australia - Shares across Asia were slammed on Friday sending the major indices tumbling."The bond market is signalling ...
The US is witnessing the strongest housing market boom since 2014, with record-low mortgage rates and a limited supply of ...
NEW YORK, New York - U.S. stocks tumbled on Thursday as U.S. Treasury yields rose. sparking inflationary fears.Technology stocks took ...
The winter storms that have swept across the U.S., particularly Texas, upending the energy market and knocking out power for ...
RIO DE JANEIRO, Brazil - Shares of state-owned oil company Petrobras fell 22 percent on Monday, wiping out $13 billion ...
SYDNEY, NSW, Australia - Stocks in Asia rose across the board on Thursday, in line with the global trend, following ...