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Law approved to promote the formalization of micro, small and medium enterprises

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This Friday, the Government enacted a law that promotes the formalization of micro, small and medium-sized enterprises (MSMEs) through the Crecer Fund.

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In detail, these are the MSMEs that will be able to benefit from all the instruments of the Crecer Fund:

1. The micro, small and medium-sized companies referred to in the Single Ordered Text of the Law to Promote Productive Development and Business Growth, approved by Supreme Decree 013-2013-Produce and its amending regulations.

2. The exporting companies referred to in Emergency Decree 050-2002 and Supreme Decree 171-2002-EF.

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3. Those included in the national Tu Empresa program, contemplated in Supreme Decree 012-2017-Produce, within the framework of viable financing alternatives established in Emergency Decree 013-2020, which promotes the financing of MSMEs, entrepreneurship and startups.

Likewise, the regulations specify that the Executive has a period of no more than 90 calendar days to regulate this law after its publication in El Peruano.

Source: Larepublica

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