Investor Presentaiton
OJK's Role in the National Economic Recovery Program (PEN)
BHINNIKA
National Economic Recovery Program (PEN)
PP No. 23/2020
OJK carry out efforts to support the economic recovery,
through:
Fund Placement
Placement of funds by the Government to provide
liquidity support to banks conducting loan
restructuring and to provide additional credit /
working capital financing
OJK supports the program through Liquidity Buffer
and Credit Restructuring to Banks and Multi-
Finance Companies
Providing Interest Subsidies for MSMEs
Article 20 Paragraph 2 Government Regulations No. 23 of 2020
All debtors with credits up to IDR500 million will be given interest
subsidies while debtors with credits up to IDR10 billion will go
through the same mechanism with credit restructuring program. The
program is eligible for debtors of banks/multi-finance companies
with Performing Loan (Kol 1 and Kol 2) before COVID-19, valid from
29 February 2020.
•
•
Targeted
Beneficiaries
MSMEs debtors with credits up to
IDR10 billion
Debtors of housing loans (KPR) up to
type 70
•
Debtors of motorcycle loans for
productive activities, including online
transportation and informal business
•
Other Requirements
Obedient taxpayer
Excluded from National
Blacklist (DHN)
Source: Financial Service Authority (OJK)
OJK's Role
Providing necessary information in the
implementation of interest subsidies
based on the procedure which will be
arranged through Joint Decision Letter
(SKB)
Mechanism
The provision regarding the
budgeting, implementation, and
responsibility mechanism of interest
subsidies and debtor requirements
are regulated in the Minister of
Finance Regulation (PMK)
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