These obstacles have urged the Indonesian government to issue various policies to revive Indonesian SMEs.
Iskandar said that the Indonesian government has subsidized the interest rate of the People’s Business Credit (KUR) program.
The government will subsidize the KUR program for another six months or until December 31, 2020.
An added subsidy of 6 percent will be given during the first three months while another 3 percent will be added during the following three months.
Iskandar said that the Indonesian government is focused on supporting Indonesian SMEs amid the coronavirus pandemic as they form the backbone of the national economy.
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