Minister Maman Affirms Not All MSME Debts Are Abolished By The Government

Minister of Micro, Small and Medium Enterprises (MSMEs) Maman Abdurrahman. (Photo: Doc. ANTARA)

JAKARTA - Minister of Micro, Small and Medium Enterprises (MSMEs) Maman Abdurrahman emphasized that not all MSME debt would be abolished.

Just so you know, previously President Prabowo signed Government Regulation (PP) Number 47 of 2024 concerning the Elimination of Congested Receivables to Micro, Small and Medium Enterprises in the fields of Agriculture, Plantations, Livestock, Fisheries, Maritime Affairs and other MSMEs.

"I want to convey that there is no bias. The abolition of this receivable is intended for our brothers and sisters, our friends, gentlemen and mothers who really can't pay anymore," said Maman in her speech at the 2024 Local Jalin in Jakarta, Thursday, December 5th.

For this reason, Maman said that not all MSME debts could be deleted because there were a number of criteria for MSME debt to be deleted.

One of the criteria, said Maman, is MSME victims of natural disasters who cannot pay off their debts.

"And it's already on the list of book deleters. So it can't be on the list and suddenly asks for the deletion of the bill or not. And that's a sizeable amount," said Maman.

Maman ensured that his party continued to coordinate with state-owned banks aka Himbara to accelerate the process of eliminating MSME debt.

"God willing, we are accelerating the acceleration. Please pray that this step can ease our brothers and sisters a little, MSME entrepreneurs who no longer have the ability to pay debts," explained Maman.

He ensured that the elimination of MSME debt would be completed in the next 6 months since PP No. 47 was issued.

The progress is until the time when Himbartengah bank finalizes MSME data.

"God willing, we will be given time, the time frame is 6 months in the PP. Anyway, within 6 months we will finalize everything we will finish because this is a lot," said Maman.

For information, the PP lists a number of MSME critics whose debts can be removed, namely having a principal value of traffic jam receivables of at most Rp500,000,000.00 per debtor or customer.

Then it was deleted for a minimum of 5 years when this Government Regulation came into effect.

Another criterion is that it is not credit or financing guaranteed by insurance or credit guarantee or financing; and there is no Agunan credit or financing or Agunan credit or financing but in conditions it is impossible to sell or Agunan has been sold out but cannot pay off customer loans/ obligations.