THE EXTENSION OF RELAXATION CREDIT
The Financial Services Authority (OJK) finally decided to extend the credit restructuring program affected by Covid-19 which will end in March 2023. However, the extension of the relaxation of this policy is only segmented and sectoral. However, the extension of the relaxation of this policy is only segmented and sectoral. According to OJK's Public Relations Director Darmansyah, for the period of 1 year until March 31, 2024, OJK will continue to support certain segments, sectors, industries, and regions (targeted) as opposed to re-restructuring the credit/financing at this time for the next three years. first, the MSME segment which covers all sectors. Second, the sector of providing accommodation and eating and drinking. And third, the industries that provide large employment opportunities, namely the textile and textile products (TPT) industry and the footwear industry. The policy will remain in effect until the end of the contract between the lending institution and the debtor a...