SB 492
Senate·20th Congress·Filed Jul 14, 2025
Micro, Small and Medium Enterprises (Expanding the Number of Qualified Beneficiaries)
An Act Expanding the Number of Qualified Beneficiaries of the Magna Carta for Micro, Small and Medium Enterprises by Adjusting the Asset Threshold for Each Enterprise Category, Further Amending for the Purpose Section 3 of Republic Act No. 6977, as Amended, Otherwise Known as the Magna Carta for Micro, Small and Medium Enterprises
In plain language
The bill updates the asset limits that define micro, small and medium enterprises so that more businesses can qualify for government assistance, and it requires the MSME council to review those limits every five years.
Business, Trade and IndustryPublic Works and Infrastructure
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Author · Senator
Subjects
Micro, Small and Medium Enterprises (Msmes)
Official sources
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SBN-492 · Sources: BetterGov Open Congress, BatasWatch