Factsheet: Development credits for biofuels and plantation revitalisation

Development credits for biofuels and plantation revitalisation

Key Information
Full name of Instrument & Measure (English): 
Development credits for biofuels and plantation revitalisation (MoF Regulations)
Description: 
Regulation 117/2006 and Ministry of Finance 'MoF' Regulation 79/2007 allows for loans at an interest rate lower than that provided by national banks are available to farmers, particularly for planting palm oil for biofuels. Amended: MoF Regulation No. 79/2007 enables small and medium-size enterprises to obtain low-cost finance from national banks for food and energy crops. The loans, which do not charge commission or administrative fees, can be given to farmer groups or cooperatives for particular commodities for a period of five years.
Goal/Aim: 
Increase the share of biofuels in transport (Bioethanol / biodiesel).

Type (and subtype) :

Responsible Authority: 
Ministry of Finance (MoF)

Status:

Trade Relevance: 
Policies stimulating domestic use of biomass => availability for export
Year Instrument & Measure Started: 
2006
Year Last Instrument & Measure was last Amended: 
2007