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A. Provide/Answer the ff: 1. Title of RA 6977. 2. What is the declared policy of the State according to RA 6977? 3. What does
A. Provide/Answer the ff: 1. Title of RA 6977. 2. What is the declared policy of the State according to RA 6977? 3. What does the State undertake to spur the growth and development of small and medium enterprises throughout the country and thereby attain countryside industrialization? 4. The definition of small and medium enterprises. Also, give the categories of SMEs (give description base on value). 5. When can a SME qualify for assistance, counseling, incentives and promotion under RA 6977? 6. What are the powers and functions of the Small and Medium Enterprise Development (SMED) Council? To which department is it attached? 7. What are the functions of the Small Business Guarantee and Finance Corporation (SBGFC)? 8. Give the source(s) of funds to implement RA 6977. 9. What is the mandate of RA 6977 to all lending institutions as defined under Central Bank rules, whether public or private? 10. When did RA 6977 take effect
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