President Jokowi Urges MSMEs to Have Business License

President Jokowi attends a hand over ceremony of business identification number for micro and small entrepreneurs at the Nanggala Kopassus Sports Building, Jakarta, Wednesday (07/13). Photo by: PR of Cabinet Secretariat/Jay.

President Joko “Jokowi” Widodo has urged Micro, Small and Medium Enterprises (MSMEs) to have business license and business identification number (NIB).

The President also reiterated that MSMEs have a major contribution to the economy and job creation in the country.

The President delivered the statement during a hand over ceremony of business identification number for  micro and small entrepreneurs at the Nanggala Kopassus Sports Building, Jakarta, Wednesday (07/13).

“This is the key in business. Obtaining license is important. We have 65.4 million MSMEs in 2021 and their contribution to our economy, our GDP, is very large, 61 percent. Therefore, it would be a mistake if we do not pay attention to the MSMEs, because their contribution makes up 61 percent of the national economy and they provide 97 percent of job creation,” the President said.

The business identification number, he added, can also be used by MSMEs to access micro-business assistance from the Government and access micro business loan (KUR) program.

“If you have business identification number, it will be easier for you to access banks’ loan and it will be easier for you to get Government’s assistance for micro-enterprises. If you don’t have it, it will be difficult for you to access the Government’s assistance,” the President said.

On that occasion, the President encouraged MSMEs to improve the quality of the products they sell, including packaging, design, and materials used so that they can access the export market. The President also expressed his gratitude because currently there are many high quality MSMEs products.

“We must continue to take measures so that we can reach a higher level and the products will be easier to enter the export market. We must pay attention that currently there are no boundaries between countries and export to all countries is very easy,” the President remarked.

Accompanying President in the event were Cabinet Secretary Pramono Anung, Minister of Investment/Head of the BKPM Bahlil Lahadalia, Minister of Cooperatives and SMEs Teten Masduki, Minister of State-Owned Enterprises Erick Thohir, Chief of Presidential Staff Moeldoko, and Chairperson of the Indonesian Chamber of Commerce and Industry (Kadin) Arsjad Rasjid. (FID/UN) (RI/HD)