Various studies including those published in our very own Agriculture Finance Year Book have demonstrated that these tax incentives did not result in any significant gains to farmers in the form of either reduced input prices, or an increase in lending to the agriculture sector.
RCBC’s SME Lending Program is anchored on the theme “Banking on Emerging Corporates.” This signals the belief and confidence of RCBC’s leadership in the future of SMEs to become growth drivers of the Philippine economy. I believe you are on the right track.