http://www.antara.co.id/en/arc/2007/9/12/seven-banks-to-provide-rp31-t-loan-for-plantation-revitalitation/
09/12/07 19:59 Seven banks to provide Rp31 T loan for plantation revitalitation Jakarta (ANTARA News) - Seven national banks will provide a syndicated loan of Rp31 trillion to finance the country`s plantation revitalization program until 2010, a minister said. The loan consisted of Rp12 trillion from Bank Rakyat Indonesia (BRI), Rp11 trillion from Bank Mandiri, Rp1 trillion from Bank Bukopin, Rp980 billion from Bank Pembangunan Daerah in West Sumatra, Rp500 billion from Bank Pembangunan Daerah in North Sumatra, Rp5 trillion from Bank BNI and Rp650 billion from Bank Sumatra Selatan, Agriculture Minister Anton Apriyantono said here Wednesday. "This year alone, the banks will channel Rp4.4 trillion in loans," he said. Under the program, the government had set itself the target of revitalizing 2 million hectares of plantations over the next five years, he said. The plantations consisted of 1.5 million hectares of oil palm plantations, 300,000 hectares of rubber plantations and 200,000 hectares of cocoa plantations, he said. He said the program was aimed at developing smallholder plantations by involving business partners through a one-stop plantation management system for at least one planting cycle. The loan carried an annual interest of 10 percent with the interest subsidy borne by the government, he said. "The interest subsidy will be given until the plantitations yield crops, namely a maximum of five years for oil palm plantations and seven years for rubber plantations," he said.(*) [Non-text portions of this message have been removed] Post message: [EMAIL PROTECTED] Subscribe : [EMAIL PROTECTED] Unsubscribe : [EMAIL PROTECTED] List owner : [EMAIL PROTECTED] Homepage : http://proletar.8m.com/ Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/proletar/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/proletar/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
