He said that to reach the target, his ministry has launched the Formal Transformation of Micro Enterprises (Transfumi) program to accelerate the issuance of NIBs through assistance provided by volunteers of the Transfumi Guard.
"The Transfumi program involves assistant volunteers of Transfumi Guard who come from associations that are competent to assist MSME players in Indonesia to access NIBs through the OSS-RBA (Online Single Submission Risk-Based Approach) application," Masduki informed at an NIB distribution event for individual MSEs at Gajah Mada University, Yogyakarta, according to an official statement issued here on Tuesday.
Based on the data, 50 out of 600 volunteers of Transfumi Guard are actively assisting MSME players in Yogyakarta.
According to the minister, owing an NIB is essential for MSMEs to transform informal businesses into formal ones, which will make it easier for them to access bank financing.
Furthermore, he said that the government is developing cooperation with digital applications to apply credit scoring for MSMEs.
"The goal is for unbankable MSME actors to have certainty in obtaining financing through credit scoring," he added.
In addition, he also emphasized that MSMEs must be part of national industrialization.
"Therefore, the automotive industry must obtain its components from MSMEs, the furniture industry must (obtain materials) from MSMEs, and the food industry also get its ingredients from MSMEs. That way, MSMEs and industries can be integrated so that the gap between large and small businesses will disappear," he explained.
The ease of licensing, including obtaining NIBs, makes it easier for MSMEs to enter industrialization, he added.
Earlier, President Joko Widodo (Jokowi) had set the target of issuing as many as 100 thousand NIBs to MSMEs per day.
The President also emphasized that support from local governments is needed to achieve the target so that MSMEs can develop their businesses further.
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Translator: M Baqir, Raka Adji
Editor: Rahmad Nasution
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