SRP Funds Increase to IDR 60 Million per Hectare

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Illustration of replanting palm oil plantation. Photo by: Sawit Fest 2021 / Aprilia Goverty

PALMOILMAGAZINE, JAKARTA – The Smallholders Replanting Program (SRP) fund has been approved for an increase from Rp 30 million to Rp 60 million per hectare.

Indonesian legislator from North Sumatra, Gus Irawan Pasaribu, announced that the proposal to escalate the SRP fund, sourced from the Palm Oil Plantation Fund Management Agency (PFMA), has been approved.

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“Previously, it was only Rp 30 million per hectare,” Pasaribu stated in an official statement to Palmoilmagazine.com on Thursday (June 13, 2024).

Also Read: Airlangga Hartarto: Government Proposes Increase in SRP Fund to Rp 60 Million per Hectare

Pasaribu, who is also the Chairman of the Regional Board of Partai Gerindra in North Sumatra, mentioned receiving complaints from many smallholders, particularly from southern Tapanuli, about the SRP fund.

“The SRP fund has been Rp 30 million per hectare for years, which was insufficient and disincentivized participation,” he said.

He emphasized that the SRP cannot be delayed, as it is crucial to ensure that smallholders’ incomes do not decline as their plantations age and become less productive.

“By the increasing numbers, I do believe that the smallholders would get more interesting and would help their economy,” Pasaribu said.

He hoped, the people’s economy would get better in the future. “I do hope that every related party would help our smallholders in need to get it and I would supervise it,” he said.

He is committed to keep supervising the realization of SRP so that the increasing fund would be really taken for advantages. It is hoped the smallholders would be more exciting to realize SRP and their plantation productivity and welfare would be escalating. (T2)

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