{
    "success": true,
    "data": {
        "id": 1740345,
        "msgid": "purbaya-prepares-new-subsidy-measure-to-fulfil-prabowos-directive-to-cut-pnm-interest-rates-1778823721",
        "date": "2026-05-15 09:19:04",
        "title": "Purbaya Prepares New Subsidy Measure to Fulfil Prabowo's Directive to Cut PNM Interest Rates",
        "author": "Aprillia Ika",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Finance",
        "summary": "The Indonesian government is devising a new subsidy scheme to reduce interest rates on ultra-micro loans from PT Permodalan Nasional Madani (PNM) Mekaar to below 9 per cent, in line with President Prabowo Subianto's instructions. Finance Minister Purbaya Yudhi Sadewa stated that part of the KUR programme subsidies will be redirected to support this initiative, with calculations underway to achieve rates around 8 per cent. Prabowo highlighted the injustice of current 24 per cent rates for small-scale borrowers, which exceed those for large businesses, aiming to promote fairer access to financing for micro-entrepreneurs.",
        "content": "<p>The government is beginning to prepare a new subsidy scheme to cut\ninterest rates on ultra-micro credit from PT Permodalan Nasional Madani\n(PNM) Mekaar to below 9 per cent, in accordance with President Prabowo\nSubianto\u2019s directive.<\/p>\n<p>Finance Minister Purbaya Yudhi Sadewa said that part of the interest\nsubsidies for the Kredit Usaha Rakyat (KUR) programme will be redirected\nto support financing for PNM Mekaar\u2019s ultra-micro customers.<\/p>\n<p>\u201cSubsidies, part of the KUR (will be redirected) there (to PNM). We\nmight add more later, but the first step is to ensure that the\nsuper-micro [loans] can get interest below 9 per cent as the President\nsaid,\u201d Purbaya told journalists in Jakarta on Wednesday (13\/5\/2026).<\/p>\n<p>According to Purbaya, the government is still calculating the subsidy\nneeds required to press down the ultra-micro credit interest rates in\nline with the President\u2019s target.<\/p>\n<p>\u201cThe allocation will be handed over to Danantara; they are\ncalculating it. The President\u2019s and Danantara\u2019s plan is below 9 per\ncent, perhaps 8 per cent, but it\u2019s being recalculated,\u201d he said.<\/p>\n<p>Previously, President Prabowo Subianto specifically requested a\ndrastic cut in PNM Mekaar credit interest rates from the current level\nof around 24 per cent to just 8 per cent.<\/p>\n<p>Prabowo assessed that the ultra-micro credit interest rates imposed\non small communities so far are too high, even far above the loan\ninterest rates received by large entrepreneurs from banks.<\/p>\n<p>According to Prabowo, this situation is unfair because the small\ncommunity group must pay the highest interest rates for access to\nbusiness financing.<\/p>\n<p>\u201cMeanwhile, large entrepreneurs, if they go to the bank, might get 10\nper cent, 9 per cent,\u201d he said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/purbaya-prepares-new-subsidy-measure-to-fulfil-prabowos-directive-to-cut-pnm-interest-rates-1778823721",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}