HB 2895
House·20th Congress·Filed Aug 4, 2025
An Act Further Promoting Entrepreneurship by Strengthening, Empowering, and Enhancing the Financing and Other Support Programs for Micro, Small and Medium Enterprises, Amending for the Purpose Republic Act No. 6977, as Amended, Otherwise Known as the "Magna Carta for Micro, Small and Medium Enterprises (Msmes)"
In plain language
The bill seeks to boost micro, small and medium enterprises by capping the fees they pay for business permits, reserving 20 % of government purchases for them, giving them a 20 % shipping discount, providing free retail space in public markets, and offering a free yearly credit report, while also creating a new development council and a state‑owned Small Business Corporation to fund these measures.
Business, Trade and IndustryPublic Works and InfrastructureGovernment AdministrationTaxation
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HB02895 · Sources: BetterGov Open Congress, BatasWatch