SME Credit Local Government Subsidies

The government of West Java Province will provide subsidies for small business credit medium enterprises (SMEs) in west Java as an effort to help the performance of SMEs. It said the Governor of West Java, Ahmad Heryawan ceremony at the Office Building of Bank Jabar Banten branch in Jalan Banjar. Letjen Suwarto, Ayr, on Thursday (4 / 12). According to him, that assistance, for example, if interest rates only 16 percent of SMEs pay 10 percent. The remaining 6 percent is subsidized by the government.
Meanwhile, President Director of Bank Jabar Banten Ruswandi said Agus, ready to support the opening of the scheme is easy and cheap credit for productive sectors such as SMEs. Currently, according to him, the composition of the productive and consumption credit is 27.99 percent and 72.01 percent. And the target for 2009, compositions can be a 35 percent credit for productive and the rest for credit consumption.

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