PVML's Contribution Continues To Grow, OJK Strengthens Regulations And Synergy Through NFSM 2025

Chairman of the OJK Board of Commissioners Mahendra Siregar. (Photo: Doc. OJK)

JAKARTA - The Financial Services Authority (OJK) affirms its commitment to encouraging inclusive and sustainable national economic growth through the implementation of the National Forum of Financing Services and Microfinance 2025 (NFSM 2025).

Meanwhile, this is reflected in the distribution of financing to the financing sector, venture capital companies, Micro Financial Institutions, and other Financial Services Institutions (PVML) which reached Rp955.97 trillion until June 2025, including Rp272.05 trillion which was distributed to the productive sector and MSMEs.

Chairman of the OJK Board of Commissioners Mahendra Siregar said that this activity aims to strengthen public understanding of the important roles and contributions of the financing sector and LKM for the community, support government programs and encourage inclusive and sustainable national economic growth.

This forum is also a strategic collaboration between OJK, Ministries and Institutions as well as industry players of finance companies, venture capital, pawnshops, information technology-based funding service providers (LPBBTI), and Micro Financial Institutions (LKM).

According to him, this is by considering the strategic role of the financing sector and LKM in supporting the transformation of the national economy, especially through financing the productive sector and MSME actors.

Mahendra said that the 2025 NFSM is an in-depth discussion for all industry stakeholders of Financing Institutions, Ventura Capital Companies, Micro Financial Institutions, and Other Financial Services Institutions (PVML) whose performance continues to grow and is needed by the community.

"Innovation and creativity of the PVML industry produce various financing products and financial support which also pose risks and complexity that must be properly mitigated. Risks and complexity should be seen as a challenge to understand, master, calculate and mitigate them. Thus, producing a system that is strong, tested and sustainable," Mahendra said in his statement, Tuesday, August 12.

He conveyed that the industry under PVML also has unique characteristics in terms of banking and feasibility when compared to other financial service institutions.

According to him, for this reason, understanding regulations is needed, formulation of policies and supervisory measures in accordance with appropriate risk mitigation and in accordance with the provisions of Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UU P2SK).

Mahendra said that OJK also always improves various regulations in PVML, both in the form of strengthening, developing, deregulation, simplifying regulations and increasing service effectiveness.

"A similar step was also taken by OJK in the field of banking, Capital Market and Innovation of Financial Sector Technology, Digital Financial Assets, and Crypto Assets," he said.

In addition, he conveyed that the OJK also encourages the business matching process in the regions, bringing together financial service institutions and MSME entrepreneurs to expand access to financing.

"The OJK office in the regions is also directed to provide support and facilitation of business matching, including encouraging priority sectors in the regions," he said.

Mahendra conveyed that collaboration and synergy of all stakeholders are needed to make this program a success.

He hopes that this forum can be the starting point for cross-sectoral synergy, not only providing short-term needs but building a stronger foundation to realize Indonesia Gold in 2045.

"Discussions carried out can produce concrete and strategic ideas that provide benefits to MSMEs and all sectors of financial services," he said.

On the same occasion, the Chief Executive of PVML Supervisory Agusman conveyed that this activity shows joint commitment and contribution to the Indonesian economy.

According to him, this is the first flagship carried out in the PVML sector which aims to expand access to financing for the productive sector and MSMEs.

He conveyed that the OJK continues to strengthen regulations through the issuance of provisions for derivatives of the P2SK Law.

Agusman added that the OJK has also prepared deregulation steps to simplify the rules, adapt them to industrial dynamics, and increase the competitiveness and continued growth of the PVML sector.

"This effort is expected to be able to provide ease of doing business, expand access to financing, and strengthen the role of the PVML sector in supporting national economic growth," he said.

He continued, in the field of PVML, OJK has issued 12 OJK Regulations (POJK) and is currently drafting implementation provisions from POJK in the form of OJK Circular.

He added that OJK has also launched an online loan industry roadmap, Financing Companies, Ventura Capital Companies, and Micro Financial Institutions as guidelines for industry players to support the development and strengthening of this sector.

"OJK is also finalizing two roadmaps, namely the roadmap for the pawnshop industry and the roadmap for Bulion business activities," he said.

Agusman said that the OJK also hopes that the achievements that have been achieved can continue to improve in the future with strong synergy support between OJK, ministries/agencies, industry players, and all stakeholders.

For information, the contribution of the PVML sector is reflected in asset growth of 4.02 percent (yoy) to Rp1,049.63 trillion as of June 2025, with the number of industry players reaching 742 entities.

Kemudian, penyaluran pembiayaan juga meningkat sebesar 4,30 persen (yoy), mencapai Rp955,97 triliun, dengan penyaluran konvensional sebesar Rp844,14 triliun (88,30 persen) dan penyaluran berdasarkan prinsip Syariah sebesar Rp111,83 triliun (11,69 persen), serta PVML juga telah menyalurkan pembiayaan UMKM sebesar Rp272,05 triliun.

Agusman berharap NFSM 2025 dapat menjadi momentum penting untuk memperkuat sinergi antara OJK, Kementerian dan Lembaga serta sektor pembiayaan dan LKM dalam mendorong peningkatan kontribusi sektor pembiayaan dan LKM terhadap pertumbuhan ekonomi nasional.

Then, the distribution of financing also increased by 4.30 percent (yoy), reached IDR 955.97 trillion, with conventional distribution of IDR 844.14 trillion (88.30 percent) and distribution based on Sharia principles of IDR 111.83 trillion (11.69 percent), and PVML has also distributed MSME financing of IDR 272.05 trillion.

Agusman hopes that the 2025 NFSM can be an important momentum to strengthen the synergy between OJK, Ministries and Institutions as well as the financing sector and LKM in encouraging an increase in the contribution of the financing sector and LKM to national economic growth.