Does the DTI offer financial assistance?
Aside from these, the government continues to provide financial assistance to help small businesses recover from the adverse impact of the pandemic. The Department of Trade and Industry's P3 CARES Program offers collateral-free and interest-free loans to micro, small, and medium enterprises (MSMEs) in the Philippines.
What is the difference between CARE and FERA program?
The CARE Program offers a 35 percent discount (approximately) for electric rates and a 20 percent discount for gas rates. The FERA Program offers an 18 percent discount on electric rates and doesn't offer a discount on gas rates.
What is Go Negosyo law?
What is Republic Act No. 10644? Otherwise known as “Go Negosyo Act”, the Act seeks to strengthen micro, small and medium enterprises (MSMEs) to create more job opportunities in the country. It was signed into law by the President Benigno S. Aquino III on 15 July 2014, and which took effect on 13 January 2015.
What is the difference between DTI and SEC?
DTI caters to sole proprietors; in other words, if you own the business yourself, you must register with DTI. However, if you are setting up a stock corporation, a non-stock corporation, or a partnership (General or Limited), this immediately falls under the jurisdiction of the SEC.
What are examples of economic assistance?
Government economic security programs such as food assistance, housing subsidies, and working-family tax credits — which bolster income, help families afford basic needs, and keep millions of children above the poverty line — also have longer-term benefits, studies find: they help children to do better in school and ...
What is public assistance income?
Program income includes income from a variety of sources such as Social Security payments, Unemployment Compensation, and VA Benefits. Public assistance includes cash and non-cash benefits (e.g. TANF, SNAP) to low-income families or individuals.
What is cash and food assistance?
SNAP provides food assistance for low-income individuals and families. The federal Refugee Cash Assistance (RCA) program provides cash assistance to refugees without children during their first twelve months in the U.S. Refugee Medical Assistance (RMA) provides medical services for up to twelve months.
What are the key benefits of cash over in-kind assistance?
Cash transfers were more cost-efficient than direct food transfers or vouchers. They had lower costs per beneficiary and lower administrative costs. They also produced greater multiplier effects, stimulating local economies around beneficiaries' homes via indirect market benefits.
What does in-kind income mean?
In-Kind Income is food, shelter, or both that you get for free or for less than its fair market value. Deemed Income is the part of the income of your spouse with whom you live, your parent(s) with whom you live, or your sponsor (if you are an alien), which we use to compute your SSI benefit amount.
What disqualifies you from getting financial aid?
Incarceration, misdemeanors, arrests, and more serious crimes can all affect a student's aid. Smaller offenses won't necessarily cut off a student from all aid, but it will limit the programs they qualify for as well as the amount of aid they could receive. Larger offenses can disqualify a student entirely.