Alsintan is a model of business governance management for agricultural machinery services with a system for renting or owning machinery for machinery through a banking credit scheme.
The Ministry of Agriculture and BNI, which are listed on the Indonesia Stock Exchange with BBNI stock ticker, agree on empowering farmer institutions through strengthening capital, relaxing financing, and mentoring. The two institutions collaborate through the integration of partners and/or fostered data to facilitate the application for the People's Business Credit (KUR) for Alsintan Taxis.
This collaboration was confirmed by the signing of a Memorandum of Understanding by the Director General of Agricultural Infrastructure and Facilities of the Ministry of Agriculture Ali Jamil and BNI's Director of Institutional Relations Sis Apik Wijayanto.
This strategic collaboration in the agriculture sector was witnessed directly by President Joko Widodo, Minister of Agriculture Syahrul Yasin Limpo, and BNI President Director Royke Tumilaar in Gresik, East Java, on Monday, August 22, 2022.
The cooperation scheme in the Alsintan Taxi financing pattern can be processed using People's Business Credit (KUR) with a maximum credit of up to Rp 500 million, 6 percent interest per year with an additional 3 percent interest subsidy which is valid until December 31, 2022. The pattern of credit installment payments is also adjusted to the harvest season.
President Jokowi is optimistic that the Alsintan Taxi Program will be more feasible with the help of the banking system, especially BNI. He believes that many regions and villages will be able to buy agricultural equipment to increase production in the agricultural sector.