City to audit PPMK funds

City to audit PPMK funds

JAKARTA: The city administration will evaluate the subdistrict
empowerment program (PPMK), which aims at helping subdistrict
residents create small businesses.

"We will make a comprehensive evaluation of the implementation
of PPMK. We will audit all funds that have already been disbursed
for the program," said city secretary Ritola Tasmaya on Friday.

The program was introduced in 2002, with subdistricts getting
Rp 250 million each. The city administration increased the funds
to Rp 500 million in 2003, Rp 700 million in 2004 and Rp 1
billion in 2005.

The city, however, plans to cut the funds to Rp 500 million
each next year.

The program, which is managed by the Subdistrict Council
(Dekel), among other things gives non-interest loans to
subdistrict residents to create or expand their businesses. --JP