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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.

País/Territorio
Indonesia
Tipo de documento
Reglamento
Fecha
1998
Fuente
FAO, FAOLEX
Fuente original
Warta Cafi No. 9, 29 January 1999, pp. 3-14.
Materia
Agricultura y desarrollo rural
Palabra clave
Desarrollo agrícola Explotación agrícola Medidas financieras agrícolas Crédito
Área geográphica
Asia, Asia y Pacifico, Mares del Asia Oriental, Océano Índico, Asia Sudoriental
Resumen

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.

Texto completo
Inglés