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Guide to the Magna Carta for Micro, Small and Medium Enterprises

Guide to the Magna Carta for Micro, Small and Medium Enterprises

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 Republic Act 6977, and amended by Republic Act 8289 in 1997, and further amended by Republic Act 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 implementing rules and regulations 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.

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