"Now, the scheme is in the process of designing, because it is different from the micro business loan (KUR). This scheme is designed for the poorest people or the people who are below the KUR recipients," Mulyani said in Jakarta on Tuesday.
She said the government and the relevant agencies are designing the scheme, which is expected to provide benefit for many people and can be channeled not only through major banks but also through other capital provider agencies.
"If the design has been decided definitely, the credits can be channeled to the peoples group lower than the groups receiving the KUR credits. It is expected that the funds will be able to revolve," the minister stated.
The super micro credits can be channeled by regional government banks, cooperatives, and other financial capital agencies such as the BMT venture capital firm.
The minister noted that one of the constraints in the distribution of credits of this type is the large number of super micro business players that are difficult to be counted compared to the micro, small and medium-sized businesses (UMKM).
"The idea is good, but the problem in its realization is the transformation of the idea into reality, because the number of super micro business players is very large," Mulyani noted.
She remarked that the fund to be provided in this scheme is not a grant, because it should be repayed. Thus, it should be managed based on the existing good governance system.
"In the state financial system, funds provided not in the form of a grant should be maintained as otherwise, as it could be recorded as a state loss. So, introduce it prudently," she said.
She assured that the credits for the poor people do not equalize a subsidy given in the form of direct cash assistance, which is no longer included in the bookkeeping system once it is already spent.
The minister said the extension of the super micro credit can be complementary with the KUR credit scheme, which is now channeled to focus on the productive sectors.(*)