Gov’t Continues to Support MSMEs, Creative Economy to Level Up

By : Nata Kesuma | Thursday, April 22 2021 - 21:35 IWST

President Jokowi visiting a handicraft store in Ubud sub-district, Gianyar regency, Bali province, Tuesday (16/03). (Photo: Bureau of Press, Media, and Information of Presidential Secretariat/Laily Rachev)
President Jokowi visiting a handicraft store in Ubud sub-district, Gianyar regency, Bali province, Tuesday (16/03). (Photo: Bureau of Press, Media, and Information of Presidential Secretariat/Laily Rachev) - The Government has announced it continues to provide considerable support to push MSMEs to level up from local merchants to global suppliers.

It also said that the measure was taken as those MSMSs play a huge role in the national economy, contributing over 60 percent of Indonesia’s gross domestic product.

“It is not impossible or unattainable. With various efforts, Indonesia’s MSMEs are expected to have confidence, knowledge, and readiness to compete in the global market,” Minister of Finance Sri Mulyani said during the Conference of 500,000 New Exporters, Tuesday (20/04), convened online.

According to the Minister, in order to facilitate MSMEs to enter the global market, the Government has been negotiating Free Trade Agreements to connect Indonesian market with the global market.

The Government, she added, also continues to take measures to simplify licensing regulations to ensure ease for MSMEs in applying for the license of their business activities so multi-tiered licensing and certification fees can be minimized.

Sri Mulyani also stated that the Government has lowered interest rate for MSMEs in the hope that it can open access to bank loans through People’s Business Credit (KUR) program, adding that the Government has also been providing guidance and training for MSMEs through Ministry of Industry, Ministry of Trade, Ministry of Cooperatives and MSMEs, and regional governments.

“Lack of product standards that meet the global standards is a hindrance for MSMEs to enter the global market. Besides, in the production aspect, there is inconsistency of production and product quality and there is no production continuity. The Government is trying to improve (the quality) and increase budgets for research and development,” she said.

Furthermore, Sri Mulyani said that the Government also continues to build information technology infrastructure to reduce connectivity issues faced by MSME players so all MSMEs in Indonesia can obtain information on market opportunities and marketing coverage.

“With the development of National Logistic Ecosystem and infrastructure construction, the Government hopes that MSMEs can boost competitiveness and reduce distribution and logistics fees,” she remarked.

News Comment

Today's Industry

The President Director of PT Trimegah Sekuritas Indonesia Tbk (TRIM), Philmon Tanuri (left) delivered remarks at the kick off of Trimegah's collaboration with IA SBM-ITB in Jakarta on Wednesday (05/06/2024).

Jumat, 07 Juni 2024 - 19:43 WIB

Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong Learning Mission

In order to realise its mission of “Educate and create wealth for community through unique and professional investment experience”, PT Trimegah Sekuritas Indonesia Tbk (TRIM) collaborates…

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…