Deputy Minister Of Finance: MSMEs Play An Important Role In Economic Recovery

ILLUSTRATION/Ministry of Finance Building/ANTARA

JAKARTA - Deputy Minister of Finance (Wamenkeu) Suahasil Nazara believes that in the future, Micro, Small and Medium Enterprises (MSMEs) will become one of the business sectors that play an extremely important role in economic recovery.

"If our economic recovery is driven by micro-enterprises, formalizes micro-enterprises, puts them in the context of banking, empowers them, then they will be able to move up in class faster," he said at the signing of the share transfer on Monday, September 13.

Therefore, Suahasil said, it is necessary to regularly observe the development of small and micro-enterprises that receive services. Moreover, President Joko Widodo has given directions that the portion of funding for MSME loans in 2024 is at least 30 percent.

According to Suahasil, this desire is also based on the vision of micro-enterprises, small businesses are the pillars of the business world in the country.

"So this is not just a portion of credit, but the real sector business world which is indeed large, the small and micro real sector business world which is mushrooming everywhere," he said.

Suahasil said Ultra Micro Holding is more than just financing and interbank transactions, but micro and small businesses get funding from banks. It is hoped that the ultra micro holding process that has been carried out in accordance with the provisions of the legislation, as well as the principles of good governance can run smoothly.

For your information, the process of forming the Ultra Micro Holding (UMi) has entered the final stage. This was marked by the signing of the Share Transfer Agreement which was held on Monday, September 13.

The formation of this holding involves three BUMN entities, namely PT Bank Rakyat Indonesia as the holding holding company, PT Pegadaian (Persero), and PT Permodalan Nasional Madani (Persero) or PNM.

The value of the transfer of state shares to BRI is Rp. 54.7 trillion. The transfer of shares is carried out based on Government Regulation (PP) Number 73 of 2021 concerning Addition of State Equity Participation into the Share Capital of the Company (Persero) PT Bank Rakyat Indonesia Tbk and Decree of the Minister of Finance on July 16, 2021 concerning Determination of the Value of Additional State Equity Participation to Capital BRI shares.

According to Suahasil, BRI, Pegadaian, and PNM must continue to synergize to oversee and ensure that the entire integration process can be carried out according to the plan and time set.

One form of synergy carried out is the implementation of co-location initiatives or the use of shared networks in 58 BRI work units with a target of 100 co-location work units by 2021. The co-location initiative utilizes BRI's network to be used by Pegadaian and PNM in the form of an ultra micro service center.

"With the Ultra Micro Bolding, we hope that financial system stability will also be better. If we enter difficult periods like this crisis period, then later we hope that this holding with all its efforts will become one of the pillars of financial system stability," he said.