Awareness of Micro, Small, and Medium Enterprises on the Salient Features of Magna Carta for Msmes, Barangay Micro Business Enterprises Act, and Go Negosyo Act in the Philippines

Abstract

The study was conducted to determine the awareness of the MSMEs in District IV of Nueva Ecija on the three important laws that provides programs that will benefit them. Particularly, these are the Magna Carta for MSMEs (RA 9501), Barangay Micro Business Enterprises (BMBEs), and the Go Negosyo Act (RA 10644). Descriptive research method was used in the study with 340 enterprises as respondents in District IV of Nueva Ecija. The main instrument of the study was survey questionnaire composed of closed ended questions. Based on the result of the study, majority of the respondents were female, married and college graduates. Moreover, they are belong to micro enterprises based on the classification under RA 9501 and majority are belong to service industry.The study also reveals that MSMEs are already aware on the many important provisions under the three laws. They are already aware that there are Negosyo Centers in many municipalities in the province and gives services such as business name registration. However, they are not aware on the other services of the centers such as trainings and technical assistance. The DTI has been effective in information dissemination of the existence of the negosyo centers, though additional efforts shall be given to inform the target clientele on the services they offer. The MSMEs also recognized the importance of business registration on the qualification to benefit from the programs of the government especially those under the three laws. Based on the findings of the study, the researchers want to recommend the following to future researchers, Local Government Unit, Policy makers, universities, and enterprises. Other researchers can use this study as a main reference for future research than can be conducted in other municipalities or districts of Nueva Ecija.This is to identify if the result of this study will be the same in other places.They can explore their municipalities to seek for assistance given by the three important legislations such as the Negosyo Centers created under the Go Negosyo Act. These facilities will help them in the operation including the marketing, production, and even in the financial assistance.The LGU and Policy makers should improve the information dissemination of the Magna Carta for MSMEs, BMBEs Act, and the Go Negosyo Act. Since the result of the study is that there are still enterprises that are not aware on the programs of the three legislations. Seminars and trainings can be conducted to increase the awareness of the MSMEs.Private and state universities should also improve the awareness of the students on the programs given by the Magna Carta for MSMEs, BMBEs Act, and Go Negosyo act so that in the future when they established their own enterprises they can take advantage the availability of the programs given by the three legislations.