Optimizing PEN Credit Guarantee for the Sustainability of UMKM
Detiktoday.com – Puteri Anetta Komarudin, a member of Commission XI DPR RI, encourages insurance companies such as PT. Indonesian Credit Guarantee (Jamkrindo), PT. Indonesian Credit Insurance (Askrindo), and the Regional Credit Guarantee Company (Jamkrida), to optimize the distribution of credit guarantees to accelerate the recovery of the real sector. According to him, amid the sluggish economic situation, the credit growth rate last August was only 1.04 percent (yoy). Not comparable with the growth of third party funds and bank liquidity levels.
“This credit guarantee support is needed to increase banking confidence by sharing credit risk with the guarantee company. The hope is that creditors will be more courageous in extending PEN credit to Micro, Small and Medium Enterprises (MSMEs) in the affected sectors by continuing to apply the precautionary principle, “said Puteri in her written statement, Wednesday (7/10/2020). Previously, last week, Commission XI of the Indonesian Parliament held an RDP with an insurance company, which discussed the latest developments in the credit guarantee program which is part of the stimulus for the National Economic Recovery (PEN) program.
For information, through the Minister of Finance Regulation Number 71 of 2020, the Government gave a mandate to PT. Jamkrindo and PT. Askrindo to carry out government guarantees in the framework of PEN intended for MSME business actors. Until September 28, 2020, President Director of PT Jamkrindo Rudi Anto explained that the realization of the PEN credit guarantee program had only reached 27 percent or Rp 2.95 trillion to 6,568 debtors, out of a total ceiling of Rp 23.29 trillion. Meanwhile, the Managing Director of PT. Askrindo Dedi Sunardi said that he had realized guarantees worth Rp 3.78 trillion to 6,607 debtors.
“The realization of the guarantee as conveyed by Jamkrindo and Askrindo needs to be improved again. All the obstacles faced need to be addressed immediately, including the problem of the low participation of National Private Commercial Banks in the guarantee program. In addition, the database needs to be improved so that the rules for guaranteeing 1 debtor by only 1 bank can be encouraged. Hopefully these obstacles can be immediately followed up by the government, OJK, and BPKP in the compliance audit, “said the Deputy Secretary of the Golkar Party Faction.
The meeting was also attended by representatives of Jamkrida as a continuation of the audience with Commission XI of the Indonesian Parliament, on September 4, 2020. On this occasion, Jamkrida explained that regional guarantee companies are faced with a decrease in income due to the decreasing volume of guarantee. This is due to the reduced volume of lending by Regional Development Banks (BPD) and Rural Banks (BPR). Meanwhile, on the other hand, bad credit claims to Jamkrida are starting to increase and have the potential to drain capital.
“In the context of regional economic recovery, the government has placed state funds in 7 BPDs worth Rp. 11.5 trillion. In fact, the Government has also re-placed its deposits with four other BPDs. This means that this can be an opportunity for Jamkrida to again provide guarantees to the BPD. Apart from that, we certainly encourage the government and OJK to formulate a scheme to strengthen Jamkrida’s capital, given the role of Jamkrida in supporting the continuity and growth of MSMEs in areas that have not been reached by banking services (unbankable) to become affordable (bankable), “concluded Puteri.
