DTI 7 distributes P1.2M worth of Negosyo Kits

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SOME P1.2 million worth of Negosyo Kits via Land Bank Cash Cards have been distributed by the Department of Trade and Industry (DTI) 7 to 150 micro-enterprises in Cebu.

DTI 7 Director Maria Elena Arbon said the program under the agency’s Livelihood Seeding Program–Negosyo Serbisyo sa Barangay (LSP-NSB) in partnership with the local government units allows a wider reach of business development assistance by bringing government services closer to the people.

The program benefited 75 micro, small and medium enterprises (MSMEs) in Carcar and Sibonga and another set of 75 MSMEs in Argao and Dalaguete.

Each beneficiary gets P8,000.

Arbon explained that these beneficiaries have passed an assessment by the Negosyo Centers to qualify for the program.

She emphasized that these kits are meant to be used as new capital to aid these entrepreneurs in the recovery and improvement of their businesses.

Micro-entrepreneurs that were recently given negosyo kits are sari-sari store owners, eateries/carenderia proprietors and processed food makers.

“Aside from the provision of livelihood kits to qualified beneficiaries, MSMEs can avail of different services such as facilitation of business name registration, business advisory, business information, and advocacy from the said program,” Arbon said.

Now open to all towns

The program, originally called Negosyo Serbisyo sa Barangay Program, was initially launched by the Department of Trade and Industry in August 2019 to support and promote MSMEs and aspiring entrepreneurs in fourth- to sixth-class cities and municipalities.

But the program was reevaluated to adapt to the current situation, making LSP-NSB available to all municipalities, Arbon said.

“Considering the key role of MSMEs in job creation in the country, DTI remains firm in its commitment to assist and develop more entrepreneurs,” Arbon said. (with PR)

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