The Palm Scribe

Govt prepares special regulation for palm oil KUR

Investor Daily, 12 April 2018

The government is currently preparing special regulation on micro loan (KUR) for plantation sector, especially palm oil. The regulation will be issued in the form of agriculture ministerial regulation (Permentan). Agriculture Ministry Plantation Director General Bambang said that the regulation will provide a legal basis for KUR disbursement for oil palm replanting programme. The loan will carry a 7% interest rate and grace period of 5 years. Meanwhile, the regulation is expected to be issued in April, Bambang said after attending the second International Conference and Expo on Indonesian Sustainable Palm Oil (ICE-ISPO) 2018 in Jakarta on Wednesday (April 11).

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