More Indonesian SMEs Poised to Gain Access to Social Assistance Programs

Misguided government focus

Similar to Teten Masduki, Indonesia’s Coordinating Minister of Economic Affairs and Investment Luhut Panjaitan emphasized that Indonesian SMEs are the backbone of the national economy.

However, the government tends to focus elsewhere when considering the national economy's key drivers.

Luhut Panjaitan admitted earlier this week that the Indonesian government mostly saw the upper-class and large-scale corporations as drivers of the country’s economy.

Read also: Luhut Panjaitan: Indonesian SMEs are the Backbone of Indonesia’s National Economy

Indonesian SMEs are the biggest SME groupings in all of ASEAN and employ a large share of the nation’s workforce.

The Indonesian government has been pushing for more initiatives to alleviate the burdens of its SMEs as a result of the coronavirus pandemic.

Read also: Ministry of Tourism’s #BeliKreatifLokal Campaign to Support SMEs

Indonesia’s tourism ministry has also shown support for SMEs through its #BeliKreatifLokal campaign.

Through the campaign, the ministry aims to provide an online platform for Indonesia SMEs’ products by working with a bluechip client list. 

(Writer: Rully R. Ramli | Editor: Yoga Sukmana) 

Source: https://money.kompas.com/read/2020/06/27/161000226/menkop-janji-tambah-jumlah-umkm-penerima-bansos