Surpassing the Government’s Target of Rp20 Trillion
VIVAnews – Coordinating Minister for Economic Affairs Hatta Rajasa stated that the disbursement of People’s Business Credit (KUR) in 2011 reached Rp29 trillion, exceeding the government’s target of Rp20 trillion.
"Total customers reached six million. More than 600,000 customers have moved up to the commercial class—from previously non-bankable to bankable—and we urge further improvements," Hatta said during a press conference at his office in Jakarta on Tuesday, January 10, 2012.
For 2012, Hatta continued, the government is targeting KUR disbursements of up to Rp30 trillion, an increase of Rp10 trillion from the previous year, with actual disbursements expected to be even higher.
Of that target, 50 percent is expected to be absorbed by PT Bank Rakyat Indonesia Tbk (BRI). This year, BRI is expected to expand its accessibility to remote areas.
"We have added 13 banks, including regional development banks (BPDs). We expect that BPDs will provide loans of Rp20 million or more. Until now, banks have been providing retail credit above Rp20 million," Hatta said.
Hatta added that the government is also increasing the guarantee for KUR, which was previously provided only by PT Jamkrindo and PT Askrindo, so that in 2012 there will be additional guarantees from Jamkrindo Jawa Timur.
Meanwhile, he noted that certain sectors require special attention, including agriculture and fisheries. In addition, there are other sectors such as those supported by industries, trade, forestry, creative industries, cooperatives, and small and medium enterprises.
"From the upstream sector, not only will micro-enterprises grow, but they will also become bankable and commercial. For new entrepreneurs, we are using the PKBL (Partnership and Community Development Program)," he explained.
Finally, Hatta said that the maximum retail interest rate will remain at 13 percent, and the maximum for microcredit is 22 percent—provided that banks in Indonesia set credit rates below 22 percent, so that the government can maintain the ceiling.
"We are developing linkages with local businesses, cooperatives, and others," he concluded.
(Source: vivanews.com)