Govt offering Rp400 billion in ultra microcredit to MSMEs

The Government Investment Center of the Ministry of Finance has launched a Rp400billion ultra micro financing scheme (UMi) to help sustain Micro, Small and Medium Enterprises (MSMEs) in wake of the COVID19 pandemic. The scheme will be carried out in cooperation with PT Pegadaian, which will extend the UMi facility to micro businesses. The distribution of ultra microcredit would serve to demonstrate the government’s commitment and its role in supporting the National Economic Recovery Program, said Ririn Kadariyah, managing director of the Government Investment Center, Ministry of Finance.

June 30 2020, Antaranews - Read 9 times

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