Unsecured KUR climbs to USD 20 Million

The government agreed to raise the ceiling of the People's Business Credit (KUR) without collateral to Rp 20 million. Previous maximum of only 5 million.


Increase in unsecured KUR is intended for the upstream sector such as agriculture, marine, small industries and so forth.


With this increase, Coordinating Minister Hatta Rajasa at the Presidential Office on Thursday, believes the lower limit KUR amounting to Rp13, 15 trillion will be achieved.


"Since the beginning of April the new remote will now target terlampui since June of 158 percent of the target. Therefore we make the upper bound up to Rp18 trillion," said Hatta.


With the increase in this ceiling without collateral KUR, Hatta hopes to encourage the growth of new entrepreneurs in the sectors that. Because with this increase there are 400 entrepreneurs from 2.9 million who have increased their business status.

For the year 2010, starting from March to July, the funds disbursed have reached Rp 5, 3 trillion, much higher than last year's achievement for the same period amounted to Rp 4 trillion.


The increase in KUR without collateral is already approved by President Susilo Bambang Yudhoyono and will be confirmed by a decree of the Minister of Finance. "No need to decree," he said.


Until 2014, the government is targeting KUR which can be channeled to reach Rp100 trillion. (umi)• VIVAnews