BKPM: NIB Simplifies Access to Coaching and Financing for MSMEs

The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) has highlighted the importance of owning a Business Identification Number (NIB) for micro, small and medium enterprise (MSME) operators, as it can ease access to government coaching and financing facilities.

“What MSME operators often forget is legality. The NIB serves as official identity confirming that the business is legal. By having an NIB, the opportunity to receive coaching from central and regional governments is wide open, including easier access to financing,” said Riyatno, Deputy for Investment Climate Development at the Ministry of Investment and Downstreaming/BKPM, in a statement confirmed in Jakarta on Wednesday.

Speaking at the UMKM SCALE HUB: Dari Kaki Lima Jadi Lebih Berdaya event held jointly with the Dharma Wanita Persatuan (DWP) of the Ministry of Investment and Downstreaming/BKPM, PT Pertamina (Persero) and the Benih Baik Indonesia Foundation (YBBI) in Banyumas, Central Java, on Monday (10/8), he said that business legality not only provides legal certainty but also opens access to a range of coaching programmes and financing facilities.

Meanwhile, Ayu Heni Rosan, Adviser to the Dharma Wanita Persatuan (DWP) of the Ministry of Investment and Downstreaming/BKPM, highlighted the important role of women in supporting the family economy while encouraging participants to continue adapting to technological developments and the dynamics of business competition.

“Women have an extraordinary role. Many mothers in various regions are able to manage their families while running a business. Empowered women will help build healthy and happy families, while also serving as role models for their children,” said Ayu Rosan.