Magna Carta for Micro, Small and Medium Enterprises (RA 9501)


Guide to the
Magna Carta for Micro, Small and
Medium Enterprises
(RA 6977, as amended by RA 8289,
and further amended by RA 9501)

This primer provides a quick reference on the “Magna Carta for Micro, Small and Medium Enterprises (MSMEs)”, a landmark legislation that defines the current national policy to promote, support, strengthen, and encourage the growth and development of MSMEs.

Enacted by the Philippine Congress in 1991 as RA 6977, amended by Republic Act 8289 in 1997, and further amended by RA 9501 in 2008, the law is geared towards the development of the Filipino entrepreneurial spirit by providing a business environment conducive for MSMEs.

The full texts of RA 6977, RA 8289, and RA 9501 and its IRR including the revised rules and regulations governing the mandatory allocation of credit resources provide ready reference for a complete compilation of laws on the Magna Carta for MSMEs.

CONTENTS Primer of RA 9501

ü  Magna Carta for Micro, Small and Medium Enterprises (Republic Act 6977, as amended by RA 8289 and further amended by RA 9501)
ü  DTI Department Administrative Order (DAO) No. 9, Series of 2008: Rules and Regulations to Implement Republic Act No. 6977, as amended by Republic Act No. 8289, and further amended by Republic Act No. 9501
ü  Bangko Sentral ng Pilipinas Circular No. 625, Series of 2008: Revised Rules and Regulations Governing the Mandatory Allocation of Credit Resources to MSMEs
ü  Republic Act No. 9501: An Act to Promote Entrepreneurship by Strengthening Development and Assistance Programs to Micro, Small and Medium Scale Enterprises, Amending for the Purpose Republic Act No. 6977, as Amended, Otherwise Known as the “Magna Carta for Small Enterprises” and for Other Purposes
ü  Republic Act No. 8289: An Act to Strengthen the Promotion and Development of, and Assistance to Small and Medium Scale Enterprises, Amending for that Purpose Republic Act No. 6977, Otherwise Known as the “Magna Carta for Small Enterprises” and for Other Purposes
ü  Republic Act No. 6977: An Act to Promote, Develop and Assist Small and Medium Scale Enterprises Through the Creation of a Small and Medium Enterprise Development (SMED) Council, and the Rationalization of Government Assistance Programs and Agencies Concerned with the Development of Small and Medium Enterprises, and for Other Purposes”

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Source: Philippines SME Toolkit