Jakarta Preps 3 Stimulus Package for MSMEs Hit by Pandemic



Laila Afifa

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  • TEMPO.CO, JakartaThe Jakarta administration is preparing three strategies to recover economic activity, particularly for Micro, Small, and Medium Enterprises or MSMEs that are most affected by the Covid-19 pandemic.

    The three stimulus packages include the relaxation of the process of business licensing for micro-sized enterprises or IUMK, the provision of credit for new entrepreneurs and economic recovery funds from regional-owned lender Bank DKI, and the establishment of cooperatives in 12 priority villages.

    The city secretariat assistant for economy and finance, Sri Haryati, said the IUMK was a breakthrough initiated by the Capital Investment and One-Stop Integrated Services Agency (PMPTSP) to ease the licensing process by actively visiting entrepreneurs.

    "First, we provide a program of delivery service using motorcycles dubbed AJIB for MSEs and simplification of permit requirements," said Sri in a written statement on Wednesday, September 16.

    Sri claimed 50,902 IUMK have been issued since the onset of the program, with a revenue recorded by the entrepreneurs totaling Rp369 billion.

    Additionally, the city administration launched a credit program for new business players called Monas 25 Jakpreneur and a credit distribution program of national economic recovery by Bank DKI. In September, 135 MSMEs were in the process of the application for the credit with a distribution of Rp38.8 billion.

    “This figure will continue to rise. We are striving to make credits available for all MSMEs in Jakarta,” said Sri.

    The third program, she went on, is an initiative introduced by the Industry, Trade, Cooperative, Small and Medium Enterprises (PPKUKM) Agency. Through which, Jakarta facilitated the establishment of cooperatives, including 12 of them in priority urban villages.

    Read: Making MSMEs the New Backbone of National Economy During Pandemic