JAKARTA: The Indonesian government is planning to revive a lockdown-era loan restructuring programme to protect small and medium enterprise (SME) borrowers from default, especially on loans disbursed through the state-led subsidised microloan programme (KUR).
Coordinating Economic Minister Airlangga Hartarto announced plans for the programme’s resumption on June 24, citing a request from President Joko Widodo. The programme was previously extended three times before expiring at the end of March of this year.
