Government Measures to Mitigate Covid-19 Risk
Government Support for MSMEs During the Covid-19 Pandemic
In the form of relaxation of asset quality assessments, postponement of principal & interest subsidies, low-interest working capital loans
guaranteed by Askrindo and Jamkrindo, tax incentives for MSMEs borne by the government, and Productive Presidential Assistance for Micro
Enterprises
1
ASSET
QUALITY
MSMEs CREDIT RESTRUCTURING
ASSESSMENT
According to POJK
2
WORKING CAPITAL CREDIT
POSTPONEMENT OF PRINCIPAL & INTEREST SUBSIDIES
3
KUR Super Mikro: Loan up to IDR 10 million
•
Interest subsidy will be 19% consist of additional interest subsidy 6% and
regular interest subsidy 13%, debtors pays 0% interest from Aug - Dec 2020.
KUR MKM (SMEs):
4
Quality
No. 11/POJK.03/2020
& 14/POJK.05/2020
Asset
LOW INTEREST
Placement of IDR30 Trillion Government
Funds at Bank Himbara
GUARANTEE
Arrangement:
Loans S IDR 10
billion can be based
only on the accuracy
of principal interest
payments
Restructurisation:
The credit quality for
affected debtors is
determined to be
current
restructuring
since
The restructuring is
carried out without a
ceiling limit type of
financing
Loan up to Rp10 million up to IDR 500 million
•
Postponement of installments and 6% additional interest subsidy for the
period from Apr-Dec 2020 to 0%.
Loan > Rp500 million up to IDR 10 billion
•
•
Postponement of installments and interest subsidies from 3% to 3% for the
period Apr-Jun 2020 and interest subsidies from 2% to 4% for the period Jul-
Sep 2020.
UMi, Mekaar, Pegadaian (Pawnshop)
•
Postponement of principal installments and interest subsidies for 6 months
from Apr-Sep 2020
Fintech Loan, Co-op, Farmers, LPDB, LPMUKP, UMKM PEMDA
Relaxation is given a 6% interest subsidy for 6 months
Based on Coordination Meeting held by Financing Policy Committee for MSME on
December 28, 2020, KUR implementation in 2021 are as follows:
Source: Coordinating Ministry for Economic Affairs
Additional interest subsidy 3% for 6 months, debtors pays 3% interest.
Increase the ceiling of KUR in 2021 to IDR 253 trillion.
5
6
Government support in the form of
guarantees by Askrindo and Jamkrindo
OTHER SUPPORT
Income Tax for MSMEs is borne by
Government
MSMEs receive a final PPh rate of 0.5%
(PP 23/2018) borne by the government
(DTP).
MICRO BUSINESS PRODUCTIVE
PRESIDENT ASSISTANCE
Direct assistance to 12 million Micro-
Business Actors in the amount of IDR 2.4
million per recipient
21
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