Indonesian Government Provides 2 Trillion in Financing for Textile and Furniture Industries

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The Minister of Finance has announced the preparation of 2 trillion rupiah in special financing to support the domestic textile and furniture industries, with funds to be disbursed through the Indonesian Export Finance Institution (LPEI).Previously textile and furniture companiesHad applied for 16 trillion rupiah in funding needsHowever, at that time, the government only had200 billion rupiah availableNow that the government hasRaising the size of the fund to 2 trillion guildersThe

He told a press conference at the Ministry of Finance that the two types of industrialLoan interest rate set at 6%(math.) genusIt is now available for application at LPEI. However, the financing is only available to businesses with export operations.He explained that LPEI is positioned to support export-oriented enterprises, while 80% of the enterprises that have previously reflected their needs to the government are dominated by the domestic market, and the mechanism of LPEI's financing support for such enterprises is not yet clear.

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