Govt allocates Rp30 trillion for micro-credit loans in 2012

Govt allocates Rp30 trillion for micro-credit loans in 2012

Syarief Hasan. (ANTARA)

Solo, Central Java (ANTARA News) - The government in 2012 allocated Rp30 Trillion for micro-credit loans to small and medium businesses, according to a minister.

"The amount of credit for 2012 is bigger than last year`s of Rp25 Trillion," Small and Medium Enterprises Minister Syarief Hasan said here on Monday.

He expressed hope the loans would increase the spirit of entrepreneurship among the public and provide a large number of job opportunities.

"We have prepared a loaning mechanism where people who borrow less than Rp20 million from banks won`t need to provide collateral," said the minister.

According to data, there are currently 55.2 million small and medium sized enterprises in Indonesia.
(Uu.A051/INE/KR-BSR/O001)

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