Considering the fund constraints with SSI Sector Government has introduced the credit linked capital subsidy scheme for Technology up gradation of Small Scale Industries under which 12% back ended capital subsidy would be admissible on the loans advanced to the SSIs by banks/financial institutions for technology up gradation in certain select sectors.
* * * Undersecretary, National Statistician and Civil Registrar General Claire Dennis S. Mapa; fellow civil servants from the Philippine Statistics Authority and Monetary Board Members, Deputy Governors and colleagues from the Bangko Sentral ng Pilipinas; distinguished guests, ladies and gentlemen, good afternoon.