Minister of Finance Officially Broadens Criteria for Debtor Credit Subsidies

In order to broaden the scope of the debtors deemed eligible to receive credit interest subsidy/margin subsidy facilities, as originally addressed under Regulation of the Minister of Finance (“Minister”) No. 85/PMK.05/2020 on Procedures for the Granting of Interest Subsidies/Margin Subsidies for the Credit/Financing of Micro-, Small- and Medium-Scale Enterprises to Support the Implementation of the National Economic Recovery Program (“Regulation 85/2020”),[1] the Minister recently issued Regulation No. 138/PMK.05/2020 on Procedures for the Granting of Interest Subsidies/Margin Subsidies to Support the Implementation of the National Economic Recovery Program (“Regulation 138/2020”), which simultaneously repeals and replaces Regulation 85/2020.[2]