JAKARTA - The Ministry of Finance (Ministry of Finance) issued Regulation of the Minister of Finance (PMK) 32/PMK.08/2021 concerning Government Guarantee Procedures for Corporate Institutions through Designated Guarantee Business Entities in the Framework of implementation of the National Economic Recovery Program.
Pmk which is valid from April 1, 2021 and is the result of relaxation of provisions in PMK-98/PMK.08/2020.
The latest beleid aims to expand the access of corporations to get credit guarantees in the hope that businesses can make the most of this program facility.
"This is our response to continue to make economic recovery instruments relevant and reach out to the business world as much as possible," said Finance Minister Sri Mulyani as a speaker at the Bali Economic and Investment Forum 2021, Thursday, April 8.
The Minister of Finance added that there are several changes in criteria in PMK-32/PMK.08/2021, which include criteria for corporate businesses, minimum employees, loan tenor and minimum loan.
Then, the division of clusters and government subsidies for guarantee services (IJP), restructuring of syndicated guarantees and loans, guarantee deadlines, priority sectors, loan terms, IJP bill submission limits, and IJP formulas.
The relaxation of credit guarantee itself is a step by the government to use fiscal instruments through the financial sector so as to provide comfort for businesses and banks.
"The Ministry of Finance is working with Bank Indonesia, the Financial Services Authority, and the Deposit Insurance Agency to continue to provide support from the financial sector in supporting economic recovery," he said.
"The banking sector that has liquidity can start making loans. The business sector is able to access these loans. The government provides catalysts and guarantees so that both parties feel calm enough and have confidence to restart their activities," concluded the Minister of Finance.
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