Teten Targets 2.5 Million MSMEs To Have NIB By 2024

Illustration (Photo: Doc. Antara)

JAKARTA - Minister of Cooperatives and SMEs Teten Masduki targets 2.5 million Micro, Small and Medium Enterprises (MSMEs) to have a Business Identification Number (NIB) by 2024.

To realize this target, he continued, the Ministry of Cooperatives and SMEs has a Formal Transformation of Micro Enterprises (Transfumi) program to accelerate the issuance of NIB through assistance carried out by Garda Transfumi volunteers.

"The Transfumi program involves volunteers accompanying the Transfumi Guard from associations who are competent to assist MSME actors in Indonesia to access NIB through the OSS-RBA (Online Single Submission Risk Based Approach) application," Teten said as quoted by Antara, Tuesday, August 23.

According to him, NIB ownership is an important capital for MSMEs to be able to transform informal businesses into formal ones so that it is easier to access banking financing.

Teten admitted that the government is developing collaboration with digital applications to apply scoring for MSMEs.

"The goal is for unbankable MSME actors to have certainty in obtaining financing through credit scoring," said Teten.

Therefore, Teten hopes that MSMEs must become part of national industrialization.

"So the automotive industry must have its components from MSMEs, the furniture industry must come from MSMEs, the food industry also has its ingredients from MSMEs. That way, MSMEs and industries are integrated so that the gap between large and small businesses will disappear. industrialization," he said.