Financing The Agricultural Sector In Bali Is Still Low, OJK Launches KPSP

Photo illustration, agricultural area in Bali. (Doc. Freepik/Sam Kolder)

JAKARTA - The Regional 8 Bali and Nusa Tenggara Financial Services Authority (OJK) launched Agricultural Priority Sector Credit/ Financing (KPSP) to Padi Farmers at the Bali Financial Experience Festival (BALI FINEF) 2023 at the Mario Building, Tabanan Regency.

The launch of the KPSP was carried out by the Deputy Chairman of the OJK Board of Commissioners, Mirza Adityaswara, accompanied by Member of Commission XI DPR RI I Gusti Agung Rai Wirajaya, Head of OJK Regional 8 Bali and Nusa Tenggara Kristrianti Puji Rahayu, Regent of Tabanan I Komang Gede Sanjaya, Chairman of the Communication Forum of the Bali Province Financial Services Institute (FKLJK) I Nyoman Sudharma, as well as administrators and members of the FKLJK Bali Province.

"In the future, the KPSP in Tabanan Regency is expected to be a solution to the problems faced by farmers with the target of rice farmers in subak groups who are community organizations that specifically regulate the rice fields (irrigation) irrigation system," said Deputy Chairman of the OJK Board of Commissioners, Mirza Adityaswara in his statement, Saturday, October 28.

Mirza said that the agricultural sector KPSP is expected to boost credit/financing for the agricultural sector in Bali, which is still very low, which is only 5.13 percent of the industrial credit portfolio in Bali.

"This amount is still far from credit in the tourism support sector (accommodation, eating and drinking), which has doubled in portion," he explained.

Mirza hopes that in the future the existence of KPSP can help with capital for farmers when they start the rice planting season.

Previously, in June 2021 the OJK had issued a Generation Model for the Priority Sector Credit/Financing Scheme (KPSP) of Agriculture which became a reference for the Regional Financial Access Acceleration Team (TPAKD) program in the agricultural sector.

In the context of BIK 2023, OJK Regional 8 Bali and Nusa Tenggara synergize with the financial services industry in Bali has carried out more than 300 educational and financial inclusion activities in all regencies/cities in Bali Province.

Various financial education and inclusion activities have been carried out which are intended for MSME players and housewives as well as education for students through the Learning Management System OJK in the form of the LMSKU OJK Championship (LOC) 2023 competition with participants reaching 2,600 students, education in the form of KKN Literacy Inclusion with Udayana University in 10 villages in Bali.

Head of OJK Regional 8 Bali and Nusa Tenggara Kristrianti Puji Rahayu said the OJK continues to encourage the expansion of the reach of financial access through TPAKD which has been formed in provinces and 9 regencies/cities in Bali.

"In order to empower the disabled community, OJK together with TPAKD also provides assistance and access to financing for developers and disabled breeders in the Inclusive Financial Economy program. No one left behind!," said Kristrianti.

Kristrianti conveyed that various programs have been carried out and targeted all components of society, such as the One Account One Student (KEJAR) program. PT BPD Bali received the national KEJAR award, your waste program for your financial products, and the KUR optimization program for onion farmers.

In addition, Mesari Credit was also given from PT BPD Bali with a total financing of IDR 40 million and Padi Farmers' Insurance for a land area of 4 hectares with a coverage value of IDR 24 million from PT Jasindo to four farmers from the Subak Bengkel farmer group.

Furthermore, FKLJK also provided assistance of IDR 30 million to 150 poor and disabled people. As well as providing Student Deposits (SimPel) to 10 poor students with a total savings of IDR 10 million, SimPel iB (Syariah) products from PT Bank Syariah Indonesia to two outstanding students worth IDR 1 million, and the provision of Mekaar financing from PT Permodalan Nasional Madani to five MSMEs amounting to IDR 23 million.