The Government Has Prepared A KUR Subsidy Budget Of IDR 47.78 Trillion In 2024

Illustration (Photo: Doc. Antara)

JAKARTA - The government continues to strengthen MSME financing through the distribution of People's Business Credit (KUR) and has prepared a subsidy budget of IDR 47.78 trillion in 2024.

Deputy for Macroeconomic and Financial Coordination of the Coordinating Ministry for Economic Affairs Ferry Irawan said that the budget allocation will be used to pay interest subsidies/subsidies at the KUR margin for the current year and payment of carry over interest subsidies/subsidies at the KUR margin in the previous period.

"In 2024, the government will continue to distribute KUR, which not only prioritizes quantity, but also prioritizes quality," he said in his official statement, Thursday, December 28.

For the distribution of KUR in 2024, according to Ferry, there are several changes to the KUR policy that will be carried out in order to emphasize several provisions that apply to the 2023 KUR distribution policy.

Among other things, such as provisions related to the participation of KUR debtors in the employment social protection program, repeated KUR access for KUR debtors in the agricultural sector, and definition of credit that is excluded to regain KUR access.

In line with efforts to optimize the distribution of KUR.

The Program Credit Information System (SIKP), which is one of the important pillars in the distribution of KUR, continues to be updated.

It is planned that in 2024, several features contained in SIKP will be improved, such as the addition of dataset requirement data, updating subsidy calculations, and sending debtor transactions every month.

On the same occasion, Assistant Deputy for Capital Markets and Financial Institutions Gede Adi Prasetya conveyed that his party hopes that in the future it can increase the collaboration and synergy of all KUR stakeholders, both from the side of the Central Government, Regional Government, KUR distributors, and KUR guarantors.

"Sinergitas dan kolaborasi dari setiap stakeholder KUR diperlukan agar akselerasi penyaluran KUR dapat dilaksanakan," ungkapnya.

For information, as of November 30, 2023, KUR has been distributed for IDR 229.95 trillion or 77.42 percent of the 2023 target of IDR 297 trillion.

This KUR distribution has been given to 4.12 million debtors.