The government led by President Prabowo plans to allocate IDR 20 trillion in 2025 to save and strengthen labor-intensive industries. The funds will be distributed through the Labor-Intensive Investment Credit Program, focusing on textiles, apparel, footwear, furniture, leather, children's toys, food and beverages, and other sectors. The program includes an 8-year interest subsidy of 5%, with loan amounts ranging from IDR 500 million to IDR 10 billion. Applicants must have a viable business, at least 2 years of experience, and employ at least 50 workers. The Coordinating Minister for Economic Affairs stated that the government has prepared IDR 20 trillion in the form of investment subsidies to support the machinery revitalization program for SMEs in labor-intensive industries. This initiative aims to enhance the competitiveness of domestic industries and reduce dependence on imported products. The government hopes that through these incentives, it can sustain the livelihoods of millions of workers in this sector. At the same time, trade regulations will be strengthened to protect domestic industries. This is part of President Prabowo's strategy to drive economic growth of 8% annually and make Indonesia a more independent and competitive industrial nation.
The government led by President Prabowo plans to allocate IDR 20 trillion in 2025 to save and strengthen labor-intensive industries. The funds will be distributed through the Labor-Intensive Investment Credit Program, focusing on textiles, apparel, footwear, furniture, leather, children's toys, food and beverages, and other sectors. The program includes an 8-year interest subsidy of 5%, with loan amounts ranging from IDR 500 million to IDR 10 billion. Applicants must have a viable business, at least 2 years of experience, and employ at least 50 workers. The Coordinating Minister for Economic Affairs stated that the government has prepared IDR 20 trillion in the form of investment subsidies to support the machinery revitalization program for SMEs in labor-intensive industries. This initiative aims to enhance the competitiveness of domestic industries and reduce dependence on imported products. The government hopes that through these incentives, it can sustain the livelihoods of millions of workers in this sector. At the same time, trade regulations will be strengthened to protect domestic industries. This is part of President Prabowo's strategy to drive economic growth of 8% annually and make Indonesia a more independent and competitive industrial nation.