Monday, 03 December 2018 18:52

Indonesian President Joko Widodo to Multiply the Capital Injection of State-Owned Financing Company PNM

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President Joko Widodo when holding a dialogue with the citizens of Bantarjati Administrative Village, Bogor City, West Java President Joko Widodo when holding a dialogue with the citizens of Bantarjati Administrative Village, Bogor City, West Java VOI-ANDY

The Indonesian President Joko Widodo said that the government would multiply the capital injection of the state-owned financing company-PNM for people who need it. It was remarked by President Joko Widodo after holding a dialogue with the citizens of Bantarjati Administrative Village, Bogor City, West Java. In the dialogue, President Joko Widodo listened to the people's complaints regarding the challenges they encounter in developing economic activities. After the dialogue ended, President decided that the government needs to multiply the capital injection of PNM in a bid to improve society's economic activities.

After observing the condition in public, I met with some groups to learn more about their economic activities. Based on the dialogue, I concluded that the government needs to multiply the capital injection of PNM so that the capital can be allocated broadly and the amount of the loaning will be bigger,” said President Joko Widodo.

Furthermore, President Joko Widodo said that the Membina Ekonomi Keluarga Sejahtera -Mekaar (Fostering the Prosperous Family's Economy) Program of PNM has been implemented since the end of 2015 covering 3.9 million clients. According to the President, all this time, the loaning provided for people has been restricted only around Rp1 to 2 million. However, there are many people who demand bigger capital injection. The government targets 4 million clients of the financing program by the end of 2018. The government will also re-calculate the number of the loaning in order to eliminate economic gap.(VOI/NDY/AMANDA)

Read 49 times Last modified on Tuesday, 04 December 2018 12:06