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Head of Bappenas Convey Policy Directions and Strategy for MSME Development in the 2020-2024 RPJMN

Global Cyber News.Com|Based on Law Number 20 of 2008, a micro business is defined as business that has a maximum net assets of fifty million rupiah and having maximum annual sales proceeds of three hundred million Rupiah. Small Enterprises is a business that has net assets of more than fifty million Rupiah up to a maximum amount of five hundred million Rupiah, having annual sales proceeds of more than three hundred million Rupiah up to a maximum amount of two billion and five hundred million Rupiah.

Medium Enterprises is a business that has net assets of more than five hundred million Rupiah up to a maximum amount of ten billion Rupiah, having maximum annual sales proceeds of more than two billion and five hundred million Rupiah up to a maximum amount of fifty billion Rupiah.

MSMEs according to BPS regarding industrial classification, micro enterprises are businesses that employ 1-4 workers, small businesses are businesses that employ 5-19 workers, and medium enterprises are businesses that employ 20-99 workers. Furthermore, the definition of Micro, Small and Medium Enterprises will be regulated in a Government Regulation derived from the Employment Act, currently still in the discussion stage involving various related elements.

Government indicators and targets in the development of MSMEs in 2024 are as follows: the national entrepreneurship ratio is 3.9%, the contribution of MSMEs to GDP increases to 65%, the proportion of Micro and Small Industries (IMK) establishing partnerships is 11%, the ratio of MSME loans to total banking credit was 22%, entrepreneurial growth was 4%, the number of new Small and Medium Industry (IKM) centers outside Java was 30 centers cumulative), the value of KUR distribution was Rp. 325 trillion.

The policy direction and strategy for developing MSMEs in the 2020-2024 RPJMN include 4 things: First, increasing business partnerships between micro, small and large medium enterprises, which will be implemented with a strategy of developing business capacity and product quality as well as strengthening institutional capacity and expanding business partnerships, ” said Minister Suharso in the Inter-Ministerial Meeting of the Acceleration of UMKM Development which was held virtually on Friday, 19 February 2021.

Second, to increase business capacity and access to finance for entrepreneurs, the strategies are: (1) Provision of export-oriented fiscal incentives; (2) Provision of schemes for entrepreneurs and MSMEs, including start-up capital; (3) Assistance in accessing credit / financing.

Third, increasing business opportunities and start-ups, which will be implemented with the following strategies: (1) Entrepreneurship training; (2) business incubation; (3) Strengthening the capacity of business services; (4) Development of IKM centers; (5) Provision of fiscal incentives.

Fourth, optimizing the use of digital and industrial technology which will be implemented with the following strategies: (1) Phasing with a focus on 5 priority manufacturing sub-sectors: food and beverage, textiles and apparel, automotive, electronics, and chemicals; (2) Expansion to other sectors.

Minister also express recommendations for the development of MSMEs, including program funding innovation, MSME platform development, strengthening of MSME consultants and assistance institutions, incentives for partnering companies, strengthening the role of the Ministry of KUMKM as the Leading Sector in implementing the MSME development program, developing strategic partnerships, providing space together with raw materials and production, provision of expert pools, expansion of market access and thematic-based MSME development.

Friday, February 19, 2021
Public Communications Team
Ministry of National Development Planning/Bappenas

Red.

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