Government Measures to Mitigate Covid-19 Risk slide image

Government Measures to Mitigate Covid-19 Risk

2020 APBN SUPPORTS MSMES SURVIVALS THROUGH VARIOUS ASSISTANCE PROGRAMS The government spends IDR112.44T to support the sustainability of MSMEs through interest subsidies, credit distribution through fund placement, Micro Business President Assistance (BPUM), Final Income Tax exemption and investment financing through LPDB. 37 million MSMEs received at least one government aid. Debtors who receive interest subsidies and debt restructuring benefit from loosening cash flows and reducing NPL risk. Surveys conducted by LPEM-LD FEBUI, BRI Institute, LIPI and ITB show that MSMEs can survive thanks to government assistance. Most of the beneficiaries used PEN funds for working capital (buying raw materials). BANK Fund Placement IDR66.75 T Total Credit Rp315.51 T For 4.7 million debtors Interest subsidy IDR12.83 T For 19.1 million Debtors Polo Banpres for Micro Business Actors (BPUM) IDR28.8 T Grant IDR 2.4 million / business for 12 million businesses TAX Final Income Tax for UMKM IDRO.67 T For 248,275 Tax Payers GUARANTEE Credit Guarantee IDR2.09 T Accumulated working capital credit: IDR19.32 T Total working capital credit debtors: 923.67 Thousand . Lembaga Pengelola Dana Bergulir-KUMKM Solusi Pembiayaan hag UNKA den Kopers Investment Financing LPDB IDR 1.29 T For 63 cooperative partners and 101,011 MSMEs 69
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