Ecolex Logo
The gateway to
environmental law
Search results » Legislation

Law of the Republic of Indonesia no. 20 of 2008 on micro, small and medium enterprises.

Country/Territory
Indonesia
Document type
Legislation
Date
2008
Source
FAO, FAOLEX
Original source
State Gazette of the Republic of Indonesia no. 93 of 2008.
Subject
General
Keyword
Basic legislation Business/industry/corporations Consumer protection Cooperative/producer organization Financing Fiscal and market measures Offences/penalties Poverty Public private partnership (PPP) Sustainable development Smallholders/peasants Special fund
Geographical area
Asia, Asia and the Pacific, East Asian Seas, Indian Ocean, South-Eastern Asia
Abstract

This Law, consisting of 44 articles, divided into eleven Parts, provides for the empowerment of micro, small and medium enterprises in line with the economic development of the country. The Law defines the following relevant terms: micro enterprise; small enterprise; medium enterprise; large enterprise; business world; empowerment; development; funding; partnership. Micro, small, and medium enterprises comply with the following principles: economic democracy, justice efficiency, sustainability, environment friendly and aim at developing their business in order to improve national economy. Matters covered by this Law concern: principles and purposes of empowerment, including: development of local potentials and market-oriented business, improving the enterprises’ roles in the regional development, creating job opportunities, income distribution, economic growth, and poverty alleviation; definition of criteria and governmental conditions to realise empowerment, including trade promotion, incentives for environmental preservation; business development and intellectual property rights; funding and partnership; administrative sanctions and criminal provisions.

Full text
English/Indonesian
Website
peraturan.go.id