Purbaya Reports Positive Signal from Prabowo on PNM Takeover Plan
Jakarta – Finance Minister Purbaya Yudhi Sadewa has reported the planned takeover of PT Permodalan Nasional Madani (PNM) to President Prabowo Subianto. According to Purbaya, the President has given a positive signal regarding the plan and instructed him to calculate the benefits of the proposed PNM takeover.
“I have already reported to the President, but no decision has been made yet. He said, well, calculate it, and if it’s good, why not?” Purbaya said at the Finance Ministry in Jakarta on Friday, 13 March 2026.
In calculating the financial potential of transferring PNM under the Finance Ministry, Purbaya said he will continue coordinating with the Investment Management Agency (BPI) Danantara. So far, the calculation process is ongoing.
However, Purbaya also left open the possibility of abandoning the proposal, noting that it remains merely an option. The government alongside Danantara Indonesia, he stated, will make the best decision for the nation.
“We continue to calculate with Rosan (CEO of Danantara Indonesia) what the best steps are for the country, for the distribution of People’s Business Credit (KUR), and UMKM credit,” he said.
The proposal to take over PNM was previously presented by Purbaya during a working meeting with Commission XI of the Indonesian House of Representatives in Jakarta on Wednesday, 4 February 2026. Purbaya wanted to bring PNM, a subsidiary of PT Bank Rakyat Indonesia (Persero) Tbk (BRI), under the supervision of the Finance Ministry.
His proposal considers the effectiveness of KUR distribution for MSMEs and optimising interest subsidy allocation. According to Purbaya, the Finance Ministry allocates up to 40 trillion rupiah annually to pay KUR interest subsidies. Should PNM come directly under his purview, he is confident that these funds could be managed as more productive working capital.
Additionally, he believes taking over PNM is the most efficient option. Since PNM is assessed as already possessing sufficient human resources for mentoring micro customers, he views this option as more advantageous than creating a new special mission vehicle (SMV) under the Finance Ministry.