The Department of Trade and Industry is looking to assist 996 micro enterprises in Pola, Nauja, and Pinamalayan in Oriental Mindoro that are affected by the MT Princess oil spill, including providing them with livelihood kits and capital.
Most of the businesses affected are related to fishing.
The DTI said it has given seminars on entrepreneurial mind-setting and business continuity planning to 239 of the businesses of the 996.
The DTI distributed livelihood kits to a handful of the small business and provided them with P8,000 to P10,000 in cash for their capital requirements in Land Bank cash cards but these are subject to “necessary budgetary processes.”
Pascual visited the community and “immediately after that visit, we have prepared a project proposal and submitted it for funding for the initial assistance of 10 oil-spill affected micro-enterprises.”
The DTI has a P100-million budget for the Pangkabuhayan sa Pagbangon at Ginahawa program and a P21.3-million budget for its Micro, Small, and Medium Enterprise Development Council Fund. Its budget for the MSME Development Program is P736.79 million but P484.58 million is for personnel services.