UNS — The chairman of the Board of Commissioners (DK) Financial Service Authority (OJK) RI, Prof. Wimboh Santoso shared the Securities Crowdfunding (SCF) scheme launched early this year in Wedangan IKA Universitas Sebelas Maret (UNS) Surakarta “Economic Outlook 2021” held through Zoom Cloud Meeting, Saturday evening (6/2/2021).
He stated that SCF scheme or securities offering through technology-based crowdfunding services provides millennials an opportunity to access a fast, easy, and cheap source of funds. Prof. Wimboh stated that millennials hold significant savings since they cannot travel and go out with their friends. “We encouraged that this money enters the capital market and give an investment alternative. That is what made retail investors grew in 2020,” Prof. Wimboh said.
As a non-permanent Professor in the Faculty of Economics and Business (FEB) UNS, Prof. Wimboh added that the SCF scheme is introduced because many millennials do not have a track record of applying for bank credit. The electronic instrument is aimed for these millennials to apply for loans. Banks can issue retail electronic bonds between IDR 10 – 20 billion. “But our target is the young generation who do not have SPO, warrant from local government or government that is certain,” he added.
The SCF scheme regulated in POJK Number 57/POJK.04/2020 also facilitated MSMEs to participate and use the capital market industry by expanding the offered stocks. Besides stocks, they are also allowed to issue bonds and/or sukuk (Islamic bonds).
In front of the Central Java Governor, Ganjar Pranowo, UNS Rector, Prof. Jamal Wiwoho, IKA UNS Chairman, Ir. Budi Harto, and webinar participants, Prof. Wimboh stated that the SCF scheme aims to balance the supply-demand in the capital market. It is expected that the process will be prompt, not complicated, and it will be limited both for millennials and MSMEs.
Some requirements should be met to participate in the SCF scheme, such as having a business permit from OJK, have an incorporated or cooperative legal entity, a minimum capital of IDR 2.5 Billion, and maximum foreign capital of 49%.
Prof. Wimboh also calculated the projection and potential for SCF to raise capital in 2021, reaching IDR 300 Billion. So far, 126 share issuers have raised IDR 178.4 Billion from 37.2 thousand investors. Under the government project, it is projected that more than 160 thousand MSMEs participate in government electronic procurement with a transaction package of IDR 74 trillion. Humas UNS
Reporter: Yefta Christopherus AS
Editor: Dwi Hastuti