OJK Reveals 623 SMEs Have Utilized The Capai SCF Fund Of IDR 1.21 Trillion

Financial Services Authority (OJK). (Between-Aditya P P P)

JAKARTA - The Financial Services Authority (OJK) revealed that SMEs' raising funds through securities crowd funding (SCF) until September 20 continued to increase.

Deputy Commissioner for Capital Market Investment Management and Financial Services Authority Securities, Aditya Jayantara, said that so far 17 SCF organizers have obtained OJK permits and as many as 623 SMEs have utilized SCF with a total fund raised of IDR 1.21 trillion.

To note, SCF is a method of collecting funds with a joint scheme carried out by business owners or businesses to start or develop their business. Later investors can buy and get ownership through shares, proof of ownership of debt (bonds), or a joint ownership certificate (sukuk).

Aditya said that OJK issued POJK No.20/2020 to accommodate the needs of SMEs that have assets of no more than Rp. 10 billion, in the form of legal entities such as PT, CV, Firma and Cooperatives can take advantage of securities crowd funding (SCF) as a source of funding in the Capital Market with a maximum funding of Rp. 10 billion.

On the other hand, OJK has held an Integrated Capital Market Educational Educational Socialization (SEPMT) in Riau Province to encourage people to use the Capital Market as an alternative source of funding for companies, including for Small and Medium Enterprises (SMEs) in developing their businesses.

"Therefore, through this socialization activity, I encourage business owners not to hesitate to use the Capital Market to raise funds in the context of business development and increase the company's capacity in the future," Aditya said in his statement, Sunday, September 29.

In addition, OJK has issued a number of policies to encourage companies including MSMEs to conduct public offerings in the Capital Market.

Aditya said a number of provisions had been issued by OJK such as POJK No.53/2017 to encourage companies with small assets of less than IDR 50 billion to conduct public offerings with a value of up to IDR 250 billion.

Meanwhile, the SPMT activities which were held on September 26 and 27, 2024 were attended by around 1,600 participants and were the OJK's initiative program and commitment to synergize with the Self-Regulatory Organization (SRO) which was coupled through the 47th Anniversary minutes to reactivate the Indonesian Capital Market.