TO HELP struggling micro, small and medium entrepreneurs (MSME) amid the pandemic-hit economy, the Department of Trade and Industry (DTI) Cebu Provincial Office has provided financial assistance through its Livelihood Seeding Program (LSP).
LSP is a program of DTI that allows a wider reach of business development assistance by bringing government services closer to the people through partnerships between relevant local government units and DTI officials. LSP is implemeted through Negosyo Serbisyo sa Barangay (LSP-NSB) and the Pangkabuhayan sa Pagbangon at Ginhawa (LSP-PBG) program.
Marivic Aguilar, DTI Cebu provincial office chief for small and medium enterprise development division, said the agency aims to target over 600 MSMEs for LSP-NSB, of which 195 beneficiaries will come from NSB batch 2019 and 435 beneficiaries for batch NSB 2020.
MSME beneficiaries under this program will each receive P6,000 negosyo kits. For this year, the DTI- Cebu Province hopes to cover 87 barangays.
According to Aguilar, qualified MSMEs under this program are those that have attended DTI’s entrepreneurship development seminars and business advisory sessions, have business registration papers, have been in business/operation for at least six months by June 2020, and have undergone validation/assessment by the DTI’s Negosyo Centers.
DTI Cebu has already rolled out LSP-NSB to 21 towns, specifically the fourth and fifth income class towns of the province.
More kits to distribute
Some 182 MSMEs were given negosyo kits from July 20 to July 31 in Alcantara, Alcoy, Alegria, Aloguinsan, Boljoon, Borbon, Catmon, Ginatilan, Malabuyoc, Moalboal, Oslob, Pilar, Poro and Tudela in Camotes, Ronda, Samboan, Santander, Sogod and Tabuelan. MSMEs in Madridejos and Sta. Fe in Bantayan Island will receive their kits on Tuesday, Aug. 4.
Another 435 negosyo kits will be distributed from August to October 2020.
Moreover, the DTI Cebu aims to reach out to 650 MSMEs to be given P10,000 negosyo kits each under the LSP-PBG.
Aguilar said qualified MSMEs under this program are those whose livelihood has been severely affected by fire, health disasters/pandemic, beneficiaries of killed-in-action Armed Forces of the Philippines-Philippine National Police personnel, and other priorities of the government. These are beneficiaries endorsed by the local government units for assistance and certified as having been affected by these natural and man-made calamities, and further validated/assessed by the DTI staff.
Recently, the DTI Cebu distributed negosyo kits to boat owners from seven barangays in Moalboal, Cebu under the LSP-PBG program.
A total of 41 boat owners, all members of the Boat Owners of Moalboal Island Hopping Association Inc., were beneficiaries of negosyo kits worth P10,000 each.
LSP-PBG is a livelihood seeding and entrepreneurship development program which aims to assist individuals and families affected by fire incidents and other calamities, including health disasters like the Covid-19 pandemic, and those who will avail themselves of the Balik Probinsya Program to recover and/or start their business. (JOB)