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C. Java residents access loans under agrarian program
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People show their land certificates to President Joko"Jokowi" Widodo in Cilacap in Central Java on Thursday (JP/Haeril Halim)
A
grarian and Spatial Minister Sofyan Djalil said on Friday that the land certification program under the agrarian reform policy had provided a boost to the local economy.
Sofyan said residents, especially in Central Java, who had their land certified under the program used the certificates as collateral to get loans from banks to develop their businesses.
Sofyan was on a working visit with President Joko "Jokowi" Widodo to hand over around 5,000 land certificates in Cilacap and Banyumas regencies as part of the land certification program that seeks to certify 126 million hectares of land across the country.
The minister said banks in Central Java, between January and June this year, had disbursed a total of Rp 32.5 trillion in loans using land certificates issued by the government since the agrarian reform policy was implemented in 2016.
"This is happening in Central Java because [people in] this province have an entrepreneurial spirit," Sofyan said.
This year, the Jokowi administration aims to issue 5 million land certificates nationwide, 500,000 of which are set to be issued for Central Java.
In 2018, the government aims to issue 7 million of certificates, while the target for 2019 is 9 million. (wit)
