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Jakarta Post

Govt to launch new microloan program

  • The Jakarta Post

Jakarta   /   Fri, January 24 2020   /  02:02 am

The government plans to launch a new program this year aimed at increasing the disbursement of subsidized micro credit program (KUR) loans to micro, small and medium enterprises (MSME), after failing to meet its target last year.Office of the Coordinating Economic Minister undersecretary for macroeconomy and finance Iskandar Simorangkir said that the government would further increase subsidized loan disbursements to MSMEs given their growing importance in the economy."We realize how important MSMEs are because our economy relies on them," Iskandar said in Jakarta on Tuesday. “The government, therefore, should support MSMEs through a financing program," he added.As part of the effort to increase the disbursement of KUR loans to the productive sector, the government will use a financing scheme through a program called One Village One Product (OVOP).The government will prioritize agricult...