The Ministry of Co-operatives and Small and Medium Enterprises is ready to provide funding of up to Rp10 billion (US$640 thousand) for micro, small, and medium enterprises (MSMEs).
The ministry’s assistant deputy of entrepreneur financing and entrepreneurial functional official management, Edhi Kusdiyarwoko Dwikuncono, stated that the funding will be provided through a sharia financing scheme in the Entrepreneur Financial Fiesta (EFF) programme.
“The 2024 EFF takes place to give a new boost to MSMEs’ development in Indonesia. We are committed to supporting our entrepreneurs through easier financing access and holistic assistance,” Dwikuncono noted as per the written statement received here, Thursday.
He affirmed that the funding is provided to accelerate the development of micro-scale enterprises in Indonesia.
The funding will be accessible for participating MSMEs through the securities crowdfunding facility provided by LBS Urun Dana, a secure and legal sharia financing online platform overseen by the Financial Services Authority (OJK), the official explained.
The ministry will also provide webinars and mentoring sessions for MSMEs entrepreneurs to develop themselves and improve their quality during the 2024 EFF, taking place from February to June 2024, he revealed.—Antara
