MANILA, Philippines — Only P3.3 billion of the P10-billion COVID-19 Assistance to Restart Enterprises has so far been released to pandemic-hit micro, small and medium enterprises (MSMEs) loan applicants under the Bayanihan to Recover as One Act or Bayanihan 2, the Department of Trade and Industry (DTI) said Friday.
“Ongoing [distribution], P3.3 billion out of P10 billion. Wala ngang backlog yan, kami pa nag-iimbita ngayon, nagpropromote kasi yung take up nyan slower pa two months ago so we had to really promote,” DTI Secretary Ramon Lopez said in an interview over ABS-CBN News Channel when asked of the progress on assistance for MSMEs.
(The distribution is ongoing, P3.3 billi…
Keep on reading: DTI: P3.3B released to MSMEs under COVID-19 Assistance to Restart Enterprises