TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Indonesia launches new credit scheme for labor-intensive industries

At the BRI Microfinance Outlook 2025 on Thursday in Jakarta, the senior economic minister launched a new credit scheme that carries a 5% interest subsidy rate to help labor-intensive industries.

Victoria Winata (The Jakarta Post)
Premium
Jakarta
Fri, January 31, 2025

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Indonesia launches new credit scheme for labor-intensive industries Workers shape and arrange cracker dough for drying on Jan. 22, 2024, at a small-scale business in Pekarungan village, Serang regency, Banten. (Antara/Asep Fathulrahman)

C

oordinating Economic Affairs Minister Airlangga Hartarto has launched a national credit scheme with an estimated volume of Rp 20 trillion (US$1.23 billion) this year to help labor-intensive industries increase productivity, revitalize machines and maximize exports.

Producers of textiles, furniture, leather products and toys are among the businesses eligible for the new credit scheme.

Speaking on Thursday at the BRI Microfinance Outlook 2025 in Jakarta, Airlangga said the scheme involved any “bank providing credit to micro, small and medium enterprises [MSMEs]” in labor-intensive industries.

“The interest will be subsidized 5 percent,” he told the event, as quoted by Kontan.co.id.

The Financial Services Authority (OJK) welcomed the scheme, saying it would contribute to the growth of labor-intensive industries as well as prevent layoffs.

The scheme offers loans of between Rp 500 million and Rp 10 billion at rates below the typical interest on commercial credit and flexible loan terms of five to eight years.

Prospects

Every Monday

With exclusive interviews and in-depth coverage of the region's most pressing business issues, "Prospects" is the go-to source for staying ahead of the curve in Indonesia's rapidly evolving business landscape.

By registering, you agree with The Jakarta Post's

Thank You

for signing up our newsletter!

Please check your email for your newsletter subscription.

View More Newsletter

To obtain loans under the new scheme, borrowers must meet several conditions, including at least two years of business experience and no fewer than 50 employees.

to Read Full Story

  • Unlimited access to our web and app content
  • e-Post daily digital newspaper
  • No advertisements, no interruptions
  • Privileged access to our events and programs
  • Subscription to our newsletters
or

Purchase access to this article for

We accept

TJP - Visa
TJP - Mastercard
TJP - GoPay

Redirecting you to payment page

Pay per article

Indonesia launches new credit scheme for labor-intensive industries

Rp 29,000 / article

1
Create your free account
By proceeding, you consent to the revised Terms of Use, and Privacy Policy.
Already have an account?

2
  • Palmerat Barat No. 142-143
  • Central Jakarta
  • DKI Jakarta
  • Indonesia
  • 10270
  • +6283816779933
2
Total Rp 29,000

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.