The Indonesian Export Financing Agency (LPEI) has guaranteed working capital loans channeled by banks to corporate business players through the Government Guarantee Program or JAMINAH in the context of national economic recovery (PEN) of Rp 1.53 trillion until the end of May 2021.
The guarantee comes from banks participating in the PEN guarantee program such as Bank Mandiri, Bank BRI, Bank BNI, Bank Resona Perdania, Bank CIMB Niaga, Bank Danamon, and Standard Chartered Bank.
Until the end of May 2021, the business sectors that dominate working capital loan guarantees are retail business sector 19.5%, coal 19.5%, paper 13%, animal feed 10%, textile 19.2%, plantation 8.4%, automotive 3%, construction 2%, leather and footwear 1.3%, fisheries 1.2%, outsourcing services 1.1%, herbal medicine and cosmetics 1.8%.
Through this JAMINAH program, as many as 30,612 workers can continue to work for business actors who obtain additional Working Capital Credit, of which the majority are spread in the textile sector as much as 26%, followed by the retail sector 25% and the service sector 10%.
Bank credit growth is also expected to recover in 2021 through the Amendment to the Minister of Finance Regulation (PMK) No.98/PMK.08/2020 in PMK No.32/PMK.08/2021 which takes into account input and advice from banks and business actors in various fields. aspect.
First, the number of workers is 100 people/50 people specifically for those belonging to the hotel, restaurant, cafe and cinema sector.
Second, the guarantee value starts from a minimum of IDR 5 billion. Third, the guarantee tenor is up to 3 years; (iv) IJP dependents by the Government will be 80% until July 31, 2021 and 70% until December 17, 2021.
third, priority sectors that can obtain guarantee coverage of up to 80% increase to 22 sectors; (vi) a clarified definition of justification for covid19. Fifth, syndicated loans or club deals can participate in the JAMINAH program.
Managing Director I, Dikdik Yustandi, said that with JAMINAH, it is hoped that it can provide confidence for banks in distributing new or additional working capital loans (KMK) so that the program objectives are achieved to protect, maintain and improve the economic capacity of business actors in the midst of the Covid 19 pandemic.
Currently, LPEI continues to strive to improve synergies with national and regional banks, encouraging the use of JAMINAH, so that more business actors can enjoy this facility. Until the end of May 2021, there are 22 banks that have collaborated, either through Cooperation Agreements or MOUs, and will continue to grow.
"There are 22 banks, both Himbara Bank, Regional Development Bank and Private Bank as well as foreign banks that have participated in the JAMINAH program through the signing of the PKS and MoU," added Dikdik Yustandi.
This achievement will continue to increase in line with the trend of economic recovery, increasing interest from entrepreneurs and banks in accessing the Jaminah program. LPEI is optimistic that a positive response from banks and the business world will increase the utilization of the JAMINAH program.
As the Ministry of Finance's Special Mission Vehicles, LPEI is committed to supporting government policies in the context of accelerating national economic recovery through guarantees for the distribution of bank loans to corporate business actors affected by COVID-19.
