Quote Originally Posted by OyiL View Post
*architect,

what do you think of this BSME? is this compatible with the PhUV program? can we apply tax breaks on top of each one?
Oh, I think he is referring to BMBEs - Barangay Micro Business Enterprises. IIf so, I think that act was passed back in 2002. It provides income tax exemptions among others and encourages financial institutions to provide loans to such entities since the loans will be considered as part of their compliance of the Agri-Agra Law.

If I am not mistaken, a BMBE Development Fund of P300M from PAGCOR was set-up. Not sure if any funds are still available.

At any rate, that act, if still implemented, can actually apply to some aspects of what we are planning. Will elaborate in due time when the group has been formed.