2022 State Budget and Fiscal Incentives Presentation
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
MSMES CREDIT RESTRUCTURING
WORKING CAPITAL CREDIT
1
ASSET QUALITY
ASSESSMENT
2
POSTPONEMENT OF PRINCIPAL & INTEREST
SUBSIDIES
3
According to POJK
KUR Super Mikro: Loan up to IDR 10 million
No.
11/POJK.03/2020 &
•
14/POJK.05/2020
Interest subsidy will be 19% consist of additional interest subsidy 6% and
regular interest subsidy 13%, debtors pays 0% interest from Aug - Dec
2020.
4
KUR MKM (SMEs):
Asset
Quality
LOW INTEREST
IDR30 Trillion Government
Placement of
Funds at Bank Himbara
Arrangement:
≤
•
10
Loans
IDR
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 IDR 10 million up to IDR 500 million
•
•
Postponement of installments and 6% additional interest subsidy for the
period from Apr-Dec 2020 to 0%.
KUR MSME Credit, non-KUR:
Loan > IDR 500 million up to IDR 10 billion
Postponement of installments and interest subsidies 3% for the first 3
months and 2% for the next 3 months
5
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:
Additional interest subsidy 3% for 6 months, debtors pays 3% interest.
Increase the ceiling of KUR in 2021 to IDR 253 trillion.
GUARANTEE
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
6
PRESIDENT ASSISTANCE
Direct assistance to 13 million
Micro
Enterprises and 1 million street vendors in the
amount of IDR 1.2 million per recipient
Source: Coordinating Ministry for Economic Affairs
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