Teten also said that it was important for the MSMEs to be able to adapt to the current situation by producing innovative products. Citing an example, he said that some MSMEs who sell bags or clothing have been also producing cloth face masks.
The ministry has been encouraging the MSMEs players to use digital technologies to reduce their costs. To do so, the ministry with the help of other parties have also provided various training programs for the MSMEs.
As the country observed National SME Day on August 12, Deputy minister for SME Eddy Satria said that with all the Covid-19 restrictions, the ministry has provided four main programs to help the MSMEs cope with the challenges and continue to grow.
The program encouraged MSMEs to enter the formal sector by registering their business activities. Once they are registered with the government, they will receive assistance and training.
Through the program, his office will also accompany the MSMEs to enter the supply chain and encourage the use of digital technologies. Until now, almost all digital platforms already have an agreement with the ministry as part of the efforts to scale up the MSMEs.
To modernize the country’s cooperatives is also part of the strategies to grow the local MSMEs.
He said that the government has allocated about 700 trillion rupiahs ($49 billion) to help recover the economy and one-sixth of the budget has been allocated for MSMEs.
With the government-led recovery plan, it is hoped that the local MSMEs could make use of the opportunities and explore innovative products to alleviate the burden of Covid-19.
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