It no longer focused solely on cooperatives but extended its services to micro, small, and medium enterprises (MSMEs).

KEP-77/KM.10/2009, Perum Jamkrindo's business license as a credit guarantee company was determined.

[9][5] In 2020, President Joko Widodo changed the legal entity of Perum Jamkrindo to a limited liability company.

[15] This transformation was made to meet the requirements for entry into the insurance and guarantee holding company and as a business consideration to enable strategic decisions to be made more quickly compared to when it was still in the form of a Public Company.

[16][17] In April 2020, Minister of State-Owned Enterprises Erick Thohir appointed PT Bahana Pembinaan Usaha Indonesia (Bahana) as the parent company (holding) for state-owned insurance and guarantee companies.

20 of 2020 concerning the Addition of State Capital Participation of the Republic of Indonesia into the Equity of the Limited Liability Company (Persero) PT Bahana Pembinaan Usaha Indonesia,[18] signed by President Joko Widodo on March 16, 2020.