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Decision of the Board of Executive Directors of the Bank of Indonesia No. 31/164/KEP/DIR regarding farm business credits.

Country/Territory
Indonesia
Document type
Regulation
Date
1998
Source
FAO, FAOLEX
Original source
Warta Cafi No. 9, 29 January 1999, pp. 3-14.
Subject
Agricultural & rural development
Keyword
Agricultural development Farming Financial agricultural measures Credit
Geographical area
Asia, Asia and the Pacific, East Asian Seas, Indian Ocean, South-Eastern Asia
Abstract

Bearing in mind the Letter of the Minister of Finance on distribution of interest on farmers business credits and the importance of improving supply of working capital to cooperatives and other farmers groups, in order to support investment in production of food, the Board of the Bank of Indonesia issues the present Decision. A credit, named KUT, shall be extended through operating banks, to farmers associated in farmer groups in order to finance increase in production of rice, secondary crops and horticulture. Chapter II specifies the undertakings eligible for financing. Chapter III outlines tasks of banks extending KUT's. Chapter IV defines tasks and functions of cooperatives involved in extending credits, whereas Chapter V specifies requirements for farmer groups that may receive a KUT. Chapter VI provides for the amount of KUT t be extended and calculation of interest rates. remaining provisions concern procedures, tasks of other agencies, reporting, etc.

Full text
English