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Friday, 29 May 2020 10:48

Farmers, fishermen to receive president's Rp34-trillion stimulus

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President Joko Widodo (Jokowi) spoke of having prepared a stimulus of Rp34 trillion, to relax payments of instalment and to subsidize credit interest for farmers and fishermen. This incentive was being offered to reduce production costs for farmers and fishermen during the COVID-19 pandemic. President Jokowi stated while opening a limited cabinet meeting on incentives for farmers and fishermen, for maintaining the availability of staple foods, held at the Merdeka Palace here on Thursday as quoted by Antara. Fiscal incentives from the government will be channelled through the People's Business Credit Program, Fostering Prosperous Family Economy Program (PNM Mekaar), Pawnshops of Ultra Micro Credit, and also programs in other finance companies.President said he hope that the agriculture and fisheries businesses would become better through the availability of seeds and fertilizer production equipment//ANT

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