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View all search resultsThe government is slashing the micro enterprise assistance by a half to Rp 1.2 million per recipient this year, but aims to reach a larger number of recipients than last year at 12.8 million by the third quarter of 2021.
State-owned lender Bank Rakyat Indonesia (BRI) and the Indonesian Farmers Association (HKTI) have agreed to cooperate to optimize the country’s micro-credit program (KUR) through a strategic partnership for the provision and use of banking services.
The Office of the Coordinating Economic Minister's deputy for macroeconomic and finance, Iskandar Simorangkir, has said the government has allocated Rp 120 trillion (US$8.39 billion) for micro credit program Kredit Usaha Rakyat (KUR) this year, higher than the Rp 106.6 trillion allocated last year.
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