The remaining 3 Months, President Jokowi Requests Breakthrough in KUR Disbursement of Rp 30 Trillion
Date 5 Oktober 2015
President Joko Widodo (Jokowi) requested the breakthrough steps in order to accelerate the Smallholder Business Credit (KUR), which according to the data, the realization of the credit is still very low.
The President hopes that in next three months, October, November, December there will be important breakthroughs so that the micro, small and medium enterprises may recieve fund.
“Businesses of small, medium micro enterprises should be protected and strengthened so that they have competitiveness,” said President Jokowi when delivered an introduction to a limited meeting on Smallholder Business Credit (KUR), at the Presidential office, Jakarta, Monday (5/10) afternoon.
According to President Jokowi, in 2015 we have approximately Rp 30 trillion for Smallholder Business Credit (KUR) that could be distributed to micro enterprises, and the bank interest has been lowered from 22% to 12%.
President Jokowi said, in the next year it is expected that the KUR interest could drop to 9%, with a larger space mounting to Rp 90 trillion.
“However, in this short time, I want the whole Rp 30 trillion could be really distributed so that it can strengthen, protect our micro-enterprises, as well as can move lower economy,” asked President Jokowi.
President Jokowi asked all ministers, all banks to coordinate with the Financial Services Authority (OJK) so that there is leeway in relaxation of rules in order to support the KUR program.
The Limited meeting on KUR was attended by Coordinating Minister for the Economy Darmin Nasution, Coordinating Minister for Human Development and Culture Puan Maharani, Cabinet Secretary Pramono Anung, Minister of State Secretary Pratikno, Minister of State-Owned Entreprises Rini Soemarno, Minister of Manpower Hanif Dhakiri, Minister of Industry Saleh Husin, Ministry of Villages, Underdeveloped Regions and Transmigration Marwan Jafar, Minister of Agriculture Arman Sulaiman, Minister of Home Affairs Tjahjo Kumolo, Minister of Maritime Affairs and Fisheries Susi Pudjiastuti, and Presidential Chief of Staff Teten Masduki (SLN/RAH/ES) (MA/YM/Naster).