Support The Environmentally Friendly Motor Vehicle Program, OJK Gelontorkan A Number Of Incentives

Illustration (Photo: Doc. Antara)

The Financial Services Authority (OJK) supports the Battery-Based Electric Motor Vehicle Acceleration Program (KBLBB) launched by the government towards environmentally friendly and sustainable development.

OJK Director of Public Relations Darmansyah said this was shown through a number of incentives in the Banking, Capital Market, and Non-Bank Financial Industry (IKNB) sectors that had been issued to increase the role of the Financial Services Industry.

Darmansyah detailed, for the banking sector, the authorities provide support, such as through the relaxation of the calculation of Risk-Weighted Identification (ATMR) by reducing the credit risk weight (ATMR) to 50 percent.

"For the capital market sector, there is a levy discount on the cost of the green bond registration statement, including for KBLBB funding to 25 percent," he said in a written statement on Wednesday, November 30.

Darmansyah added, in the field of IKNB the authority provides down payment incentives for the purchase of BB KBL can be applied at least 0 percent of the selling price of the vehicle concerned.

"Then for general insurance companies, general sharia insurance companies, and sharia units from general insurance companies, OJK provides incentives for setting premium rates or contributions that can be set at a lower rate than the lower limit," he said.

Furthermore, Darmansyah revealed that in implementing the relaxation policy, OJK requested that the Financial Services Institute (LJK) continue to apply the principles of prudence and good risk management.

In addition, he also conveyed other incentives as regulated in POJK 51/2017 concerning the Implementation of Sustainable Finance for LJK, Issuers, and Public Companies as stipulated that LJK, issuers, and public companies that implement sustainable finance effectively, can be given incentives by OJK

"Among other things, in the form of including in the human resource competency development program or other incentives," concluded Darmansyah.