An Act Stimulating the Recovery, Growth, and Development of the Micro, Small and Medium Enterprises for Job Generation and Preservation, Appropriating Funds Therefor and for Other Purposes
The bill would create a program that gives qualifying small businesses interest‑free loans (up to 150 % of six‑month labor costs) and short‑term wage subsidies (up to ₱8,000 per worker for three months) to keep workers on the payroll, funded by an initial ₱100 billion budget and a yearly ₱20 billion thereafter.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/SBN-1155. Status changes over time; check the link for the latest.
SBN-1155 · Sources: BetterGov Open Congress, BatasWatch
Similar in what they’d do, filed by any lawmaker.