{"id":279091,"date":"2023-07-17T15:00:18","date_gmt":"2023-07-17T08:00:18","guid":{"rendered":"https:\/\/setkab.go.id\/?p=279091"},"modified":"2023-07-18T15:26:01","modified_gmt":"2023-07-18T08:26:01","slug":"president-jokowi-chairs-meeting-on-msmes-credit-restructuration","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/president-jokowi-chairs-meeting-on-msmes-credit-restructuration\/","title":{"rendered":"President Jokowi Chairs Meeting on MSMEs Credit Restructuration"},"content":{"rendered":"<div id=\"attachment_279092\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-279092\" class=\"size-full wp-image-279092\" src=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2023\/07\/President-Jokowi-Chairs-Meeting-on-MSMEs-Credit-Restructuration.png\" alt=\"\" width=\"1024\" height=\"683\" srcset=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2023\/07\/President-Jokowi-Chairs-Meeting-on-MSMEs-Credit-Restructuration.png 1024w, https:\/\/setkab.go.id\/wp-content\/uploads\/2023\/07\/President-Jokowi-Chairs-Meeting-on-MSMEs-Credit-Restructuration-300x200.png 300w, https:\/\/setkab.go.id\/wp-content\/uploads\/2023\/07\/President-Jokowi-Chairs-Meeting-on-MSMEs-Credit-Restructuration-768x512.png 768w, https:\/\/setkab.go.id\/wp-content\/uploads\/2023\/07\/President-Jokowi-Chairs-Meeting-on-MSMEs-Credit-Restructuration-600x400.png 600w, https:\/\/setkab.go.id\/wp-content\/uploads\/2023\/07\/President-Jokowi-Chairs-Meeting-on-MSMEs-Credit-Restructuration-690x460.png 690w, https:\/\/setkab.go.id\/wp-content\/uploads\/2023\/07\/President-Jokowi-Chairs-Meeting-on-MSMEs-Credit-Restructuration-345x230.png 345w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><p id=\"caption-attachment-279092\" class=\"wp-caption-text\">Coordinating Minister for Economic Affairs Airlangga Hartarto makes a press statement after the meeting on MSMEs credit restructuration, on Monday (07\/17), in Jakarta. (Photo by: Cabinet PR of Secretariat \/ Agung)<\/p><\/div>\n<p>President Joko \u201cJokowi\u201d Widodo chaired a meeting on credit restructuration for micro, small, medium enterprises (MSMEs), at the State Palace, Jakarta, on Monday (07\/17). Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the meeting discussed a plan of exempting MSMEs having non-performing loan from paying credits to banks.<\/p>\n<p>\u201cWe have discussed credit restructuration of MSMEs, including exemption for MSMEs with non-performing loan,\u201d Airlangga mentioned after the meeting.<\/p>\n<p>Airlangga further mentioned that a number of regulations that support the exemption plan have been set out, among others, Law Number 10 of 1998 on Banking Industry, Regulation of Bank Indonesia Number 14\/15\/PBI\/2012 on Assessment of General Bank Assets, and Regulation of the Financial Services Authority Number 40\/POJK.03\/2019 on Assessment of General Bank Assets Quality.<\/p>\n<p>\u201cOn the regulations, all related laws have been set out,\u201d he said.<\/p>\n<p>In addition, the Coordinating Minister explained that Law Number 4 of 2023 on Financial Sector Development and Strengthening, especially in Articles 250 and 251, includes terms on the exemption for MSMEs with non-performing loan from paying credits to banks and non-bank financial institutions in order to support funding access for MSMEs.<\/p>\n<p>\u201cThe exemption can be done to the MSMEs with terms and conditions, namely restructuration of non-performing loan, after that, if they fail to pay, then exemption can be done,\u201d he explained.<\/p>\n<p>However, Airlangga added that a number of adjustments should be done, especially in the aspect of MSMEs.<\/p>\n<p>\u201cBased on Government Regulation Number 13 of 2000, the exemption is imposed not more than Rp350 million because we understand that people\u2019s business credit has reached Rp500 million, so we ask to raise the credit limit,\u201d he added.<\/p>\n<p>Related to adjustment for conditions of credit limit to do the exemption of non-performing loan, Airlangga said that the Government will immediately lay down the criteria set out in derivative regulation of Law on Financial Sector Development and Strengthening.<\/p>\n<p>\u201cWe will discuss it in the next one or two weeks, the derivative regulation of Law on Financial Sector Development and Strengthening will be set out,\u201d he remarked.<\/p>\n<p>Based on the MSMEs credit collectability data released by the state-owned banks per 31 December 2022, the number of debtors categorized in collectability 2, considered under supervision, reached 912,259. Meanwhile, those that are categorized in collectability 5, considered non-performing loan, are as many as 246,324.<strong> (DND\/UN)(<\/strong><strong>AW<\/strong><strong>\/MUR)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joko \u201cJokowi\u201d Widodo chaired a meeting on credit restructuration for micro, small, medium enterprises (MSMEs), at the State Palace, Jakarta, on Monday (07\/17). Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the meeting discussed a plan of exempting MSMEs having non-performing loan from paying credits to banks. \u201cWe have discussed credit restructuration of [&hellip;]<\/p>\n","protected":false},"author":79,"featured_media":279092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77],"tags":[],"class_list":["post-279091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v26.1.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>President Jokowi Chairs Meeting on MSMEs Credit Restructuration - Sekretariat Kabinet Republik Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/setkab.go.id\/en\/president-jokowi-chairs-meeting-on-msmes-credit-restructuration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President Jokowi Chairs Meeting on MSMEs Credit Restructuration - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"President Joko \u201cJokowi\u201d Widodo chaired a meeting on credit restructuration for micro, small, medium enterprises (MSMEs), at the State Palace, Jakarta, on Monday (07\/17). Coordinating Minister for Economic Affairs Airlangga Hartarto stated that the meeting discussed a plan of exempting MSMEs having non-performing loan from paying credits to banks. \u201cWe have discussed credit restructuration of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/setkab.go.id\/en\/president-jokowi-chairs-meeting-on-msmes-credit-restructuration\/\" \/>\n<meta property=\"og:site_name\" content=\"Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/id-id.facebook.com\/Setkabgoid\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-17T08:00:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-18T08:26:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2023\/07\/President-Jokowi-Chairs-Meeting-on-MSMEs-Credit-Restructuration.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Office of Assistant to Deputy Cabinet Secretary for State Documents &amp; 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