• By The Financial District

DTI Gives Iloilo Start-Ups Boost With P18M Fund

The Department of Trade and Industry (DTI) is looking forward to fast-tracking the provision of assistance to residents of Western Visayas through its Livelihood Seeding Program-Negosyo Serbisyo sa Barangay (LSP-NSB) funded with PHP18.049 million this year.

Photo Insert: DTI VI Regional Director Rebecca Rascon

“LSP-NSB is a response of DTI to provide means of livelihood and getting income while we are battling with the pandemic. It is a small assistance for livelihood. Actually, we don't give cash. These are livelihood kits depending on their need,” DTI regional director Rebecca Rascon said in an interview, according to a PNA report.

Rascon said there has been a delay in their release of kits due to changes in the quarantine classifications of provinces. She said this year, they have identified 328 barangays as recipients of the program’s 1,640 livelihood kits.

“This is not for everyone. We chose those with individual businesses that we would like to avail of the program,” she said.

The assistance includes packages for "sari-sari" store, food processing, “bigasan”, carinderia, manicure/pedicure, and beauty parlor, among others. Rascon said as of September 7, they have disbursed 43 percent of their total fund.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

According to her, as of end-August, they have assisted 2,928 micro, small and medium enterprises through their other packages of assistance other than the livelihood kits. “Our assistance does not end with the provision of livelihood kits. If there is no pandemic, we also give orientation and entrepreneurial training,” Rascon said.

Entrepreneurship: Business woman smiling, working and reading from mobile phone In front of laptop in the financial district.

Also, if entrepreneurs are needing further assistance such as packaging of products, then the next step is to provide them with help through business counselors in the Negosyo Centers in municipalities where these are located, she said.

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