The Indonesian government has allocated Rp106 bn (around US$10.5m) for its productive financing program which is aimed at reducing the burden of micro and small scale industries following the fuel oil price increases of October 1. Cooperatives and small- and medium-sized enterprises (SMEs) Minister Suryadharma Ali said the funds were allocated from the compensation funds for fuel oil subsidy reduction (PKPS). The funds would be disbursed to micro and small enterprises through micro financing institutions, cooperatives and syariah-based institutions. "The ministry has also entered into deals with national civil companies (PNM) in providing counterpart funds.
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