Jakarta, Dec 22 (Antara) - The government will raise the ceiling of its subsidized KUR micro business credit scheme from Rp106.6 trillion this year to Rp120 trillion in 2018 but will cut its interest rate from 9 percent to 7 percent.
Besides raising the ceiling and lowering its interest rate, the government will also allocate about 50 percent of the KUR credits next year to the small business production sector to further boost the production activities of small businesses.
Of the Rp106.7 trillion KUR credit allocation in 2017, some Rp91.3 trillion or 85.6 percent has been disbursed until the end of November.
"The performance reflected the government policy of favoring small businesses by providing them with access to financing," Darmin Nasution, Coordinating Minister for Economic Affairs, said after a coordinating meeting on KUR 2017 evaluation and 2018 KUR plan in Jakarta, Friday (Dec 8).
The government made the decision to lower the KUR business credit interest rate from 9 percent to 7 percent, which will come into effect on January 1, 2018, in the hope that people's economy would be generated.
"We will lower it by January 1, 2018, from 9 percent to 7 percent," remarked Iskandar Simorangkir, Deputy for Macroeconomic and Financial Coordination of the Coordinating Ministry for Economic Affairs, during a training session for local journalists in Jakarta last month.
In the 2018 KUR distribution scheme, the government will prepare a special KUR, which will be a scheme given to a group of businesses managed jointly in the form of clusters by using business partners for community plantation commodities, community farms and people's fisheries. The specified ceiling is Rp25 million to Rp500 million for each individual member of the group.
The KUR, in addition to lowered interest rates, is also not limited to the production sector. The proposals can be from the agricultural sector, fisheries, industry, services or other productive sectors in the grassroots.
The grassroots, for example, are farmers. Typically, farmers earn money about four months later, during the harvest time; so, the new regulations will be adjusted with the harvest period. Farmers will be allowed to repay their KUR credit after the harvest.
"For example, a farmer is predicted to have harvest in four months. Actually, the credit recipient should pay it in the first month, but we have made the rules such that the farmer may pay after harvest; he pays at the end of the period, and this helps the small community," Simorangkir noted.
However, the government has also prepared financing for micro, small and medium businesses. The size of the credit proposal is also smaller. The ceiling for a micro KUR credit in the production sector is Rp25 million per production cycle. The accumulation of its ceiling is, however, not limited. "It will be unlimited. It is Rp25 million per production cycle. It can continue to be extended as long as needed," he stressed.
This regulation will be immediately popularized with the channeling banks that have cooperation with the government for the distribution of the KUR credit. Those who apply for the KUR credit, particularly for the credit ceiling of Rp25 million scheme, will not be required to provide collateral.
Regarding the KUR credit allocation this year (2017), up to the end of November, about Rp91.3 trillion or 85.6 percent of the target of Rp106.6 trillion set for the year has been channeled.
Chief Economic Minister Darmin Nasution said the disbursement and channeling of the KUR had been quite smooth, as the non-performing loan (NPL) ratio was low in 2017 at 0.21 percent.
The KUR credit scheme had 4 million recipients, dominated by micro KURs, which account for 70.4 percent, followed by retail KURs, accounting for 29.3 percent and TKI (migrant workers) KUR, accounting for 0.3 percent.
The disbursement of KUR for the production sector, including services, grew from 33 percent in December 2016 to 44 percent in November 2017. Regionwise, Java accounted for 55.8 percent, or Rp50.9 trillion, followed by Sumatra, accounting for Rp17.32 trillion, or 19 percent, and Sulawesi with Rp9.3 trillion, or 10.2 percent.
The largest providers of KUR are state lenders with Bank Rakyat Indonesia (BRI) already reaching 96.2 percent of its target, Bank Mandiri reaching 93.1 percent, Bank Negara Indonesia (BNI) achieving 65.6 percent, banks owned by regional administrations reaching 31.2 percent and private banks hitting 24.9 percent.
The government is set to continue to provide KURs to boost the production sector, including in fisheries, farms, industrial and construction sectors, as well as the service sector.
Simorangkir maintained the distribution of KURs in the regions was in line with the number of units of micro, small and medium enterprises in each region of Indonesia.
The disbursement of KURs has been delayed as borrowers put off submitting proposal until the interest rate is cut to 7 percent in 2018. Many borrowers have held on to submitting credit proposals until January, 2018, when the credit interest would be lower at 7 percent.
***3***(A014/INE)EDITED BY INE/B003(T.A014/A/BESSR/Bustanuddin) 22-12-2017 23:30: |
Tidak ada komentar:
Posting Komentar