SB 761
Senate·20th Congress·Filed Jul 29, 2025
Msme Development Modernization Act of 2025
An Act to Modernize the Development of Msmes by Amending Republic Act. No. 6977, Otherwise Known as the Magna Carta for Small Enterprises, as Amended by Republic Act No. 9501, Otherwise Known as the Magna Carta for Micro, Small and Medium Enterprises
In plain language
The MSME Development Modernization Act of 2025 would replace the current definition of micro, small and medium enterprises with a new system based on how many people a business employs and how much it sells each year, create a single online database of all MSMEs, set aside at least 20 % of government purchases for them, and launch a digital‑skills program and a fund to help them buy technology.
Business, Trade and IndustryInformation and Communications TechnologyPublic Works and InfrastructureScience, Technology and Innovation
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Author · Senator
Subjects
Magna Carta for Micro, Small and Medium-Scale Enterprises
Official sources
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SBN-761 · Sources: BetterGov Open Congress, BatasWatch