JAKARTA | The DPR has approved state capital participation (PMN) amounting to Rp 44.38 trillion for 20 state-owned enterprises (BUMN). Perum Jamkrindo received PMN of Rp 500 billion, and with this additional funding, the company has increased its guarantee capacity sufficiently to guarantee KUR amounting to Rp 50 trillion.
Perum Jamkrindo President Director Diding S. Anwar stated that the additional PMN enhances Perum Jamkrindo’s role in developing productive businesses to accelerate national economic growth. PMN also strengthens Perum Jamkrindo’s capital as a credit guarantee company in carrying out credit guarantee activities for MSMEs. Additionally, it expands financing access for MSMEs in the agriculture, fisheries, manufacturing, and trade service sectors related to upstream industries and increases the number of guaranteed MSMEs and job absorption.
“PMN will be used to increase the company’s business capacity in implementing People’s Business Credit (KUR) guarantees to support the sustainability and growth of the real sector activities by micro, small, and medium enterprises,” he said during an economic discussion event with Kadin in Jakarta on Tuesday (June 28).
Diding stated that with PMN of Rp 500 billion, Perum Jamkrindo’s guarantee capacity will increase, enabling it to provide sufficient guarantee capacity to cover KUR amounting to Rp 50 trillion with a guarantee gearing ratio of 10 times. “With this additional funding, the company has increased its guarantee capacity sufficiently to guarantee KUR amounting to Rp 50 trillion,” he explained.
The multiplier effect of the PMN addition, with Jamkrindo’s KUR guarantee reaching Rp 50 trillion in 2016, will increase the number of guaranteed MSME entrepreneurs by 2,757,953 units or debtors, with job absorption reaching 3,723,237 people. “MSME entrepreneurs will have greater access to credit financing,” he explained.
The contribution of Perum Jamkrindo’s KUR guarantees by province includes East Java (15%), Central Java (12%), and West Java (11%). The guarantee contributions were distributed through banking institutions, including Bank BRI (59%), Mandiri (17%), and BNI (7%). The recipients of KUR guarantees were divided into the service and trade sector (78%), agribusiness (19%), and industry & mining (3%).
Perum Jamkrindo is a state-owned enterprise assigned by the government to provide credit guarantees and management consulting for MSMEs in supporting the national economy. PMN is necessary as a form of government support in expanding access to financing sources for MSMEs to enhance their competitiveness, enabling them to grow into sustainable businesses on a larger scale in an effort to support national economic independence.
The government plans to distribute KUR amounting to Rp 100 trillion in 2016. With this target, it is expected to increase the competitiveness of MSMEs, allowing them to grow into sustainable businesses on a larger scale in an effort to support national economic independence. To achieve this, access to financing from banks and financial institutions for MSMEs must be developed, and financial institutions must be strengthened by increasing the capacity of state-owned enterprises engaged in guarantee services for MSME financing.
Perum Jamkrindo is one of the state-owned enterprises that plays a crucial role in helping MSMEs access capital from financial institutions, both banks and non-banks, enabling MSMEs to fully utilize the resources and infrastructure provided by the government to improve and develop their businesses.
With the enactment of Guarantee Law No. 1/2016 concerning credit guarantees for micro, small, and medium enterprises (MSMEs) as a legal framework for guaranteed credit provision, financial institutions are assured of risk coverage. This law regulates guarantee institution licensing, guarantee mechanisms, and dispute resolution through alternative institutions.
In addition to its primary guarantee program, the People’s Business Credit (KUR), Perum Jamkrindo also offers various other guarantee products, including General Credit Guarantees, Micro Credit Guarantees, Mortgage Credit Guarantees, Construction Credit Guarantees, Procurement of Goods & Services Guarantees, Surety Bonds, and Customs Bonds.
Perum Jamkrindo’s responsibilities have expanded with the issuance of Government Regulation No. 1 of 2016, which designates Perum Jamkrindo as the Implementing Institution for the Warehouse Receipt System (SRG) Guarantee. Through warehouse receipt guarantees, it is expected to improve the welfare of farmers.
Currently, Perum Jamkrindo has 56 branch offices throughout Indonesia and has also established 10 Service Unit Offices (KUP) at the district/city level to expand the credit guarantee service area. (Public Relations)