RIAU - The Riau Islands Provincial Government was forced to stop the revolving fund loan assistance because the program implementation was not optimal.
Riau Islands Governor Ansar Ahmad said the revolving loan aid program was stopped because it was not returned by the beneficiary. As a result, the officer who collects the loan funds cannot even make a report.
In fact, said Ansar, the operational cost of collection is sometimes greater than the money borrowed, so it is considered inefficient.
"The operational costs are quite large because the recipients of the revolving fund live on islands. Of course it cannot be (the operational cost of collection is greater than the money borrowed. It is inefficient, and should not be repeated again," he said in Tanjungpinang, Antara, Friday, 1 October.
He said that the revolving loan aid fund could be whitened, especially for those who had received assistance for a long time. "We are still studying the rules," he said.
Although the revolving loan aid program was abolished, Ansar said that assistance would still be provided to improve the economy and the welfare of the community.
The Riau Islands Provincial Government provides assistance in the form of a loan interest subsidy set by the bank. The Riau Islands Provincial Government has collaborated with Bank Riau Kepri to implement the program. People who meet the requirements can borrow funds through banks.
"The interest on the loan is paid by the Riau Islands Provincial Government. I think this is more effective," he said.
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