BKPM: NIB Simplifies Access to Coaching and Financing for MSMEs

The Ministry of Investment and Downstreaming/BKPM has stated that possessing a Business Identification Number (NIB) is crucial for micro, small, and medium enterprise (MSME) operators, as it facilitates access to government coaching and financing facilities. “What MSME players often forget is legality. The NIB is the official identity that a business is legal. By having an NIB, the opportunity to receive coaching from the central and regional governments is wide open, including easier access to financing,” said Deputy for Investment Climate Development at the Ministry of Investment and Downstreaming/BKPM, Riyatno, in a statement confirmed in Jakarta on Wednesday. Speaking at the UMKM SCALE HUB event in Banyumas, Central Java, on Monday (10/8), he noted that business legality not only provides legal certainty but also opens access to various coaching programmes and financing facilities. The event was held in collaboration with Dharma Wanita Persatuan (DWP) of the Ministry of Investment and Downstreaming/BKPM, PT Pertamina (Persero), and Yayasan Benih Baik Indonesia (YBBI). Meanwhile, Penasihat DWP Keminveshil/BKPM, Ayu Heni Rosan, highlighted the significant role of women in supporting the family economy and encouraged participants to continuously adapt to technological developments and business competition dynamics. “Women have an extraordinary role. Many mothers in various regions are capable of managing their households while running a business. Empowered women will help build healthy and happy families, as well as become role models for their children,” said Ayu Rosan.