JAKARTA - Coordinating Minister for the Economy Airlangga Hartarto submitted a report to President Prabowo Subianto regarding the impact of disasters on the distribution of people's business loans (KUR) as well as proposed relaxation policies for affected debtors in Aceh, North Sumatra, and West Sumatra provinces.
In the plenary cabinet meeting at the State Palace, Jakarta, Monday, December 15, Airlangga said that the total distribution of KUR in the three provinces reached Rp. 43.95 trillion with a total number of debtors of 1,018,282 people.
Of this amount, the value of KUR directly affected by the disaster reached Rp8.9 trillion with 158,848 debtors.
"In total in Aceh, North Sumatra, and West Sumatra, the KUR is Rp. 43.95 trillion, Mr. President, and the number of debtors is 1,018,282 people. Those affected by this disaster are Rp. 8.9 trillion and 158,848 debtors," said Airlangga in his report to President Prabowo, quoted by Antara.
In order to handle the impact of the disaster, Airlangga proposed a policy to waive the obligation to pay principal and interest installments for affected KUR debtors.
In this scheme, distributors still receive installment payments of principal and interest without making claims, while the government bears the interest subsidy or regular KUR margin subsidy.
"The collectibility status remains until November 30, 2025. So, they are not in quotation marks, not default Mr. President," he said.
In addition to the cancellation, the government also provided relaxation for existing KUR debtors, especially for business actors who cannot continue their business activities due to severe damage.
In the acceleration phase of recovery, the government provided various additional stimuli, including loan tenor extensions, payment grace periods, and interest rate adjustments.
English:
"The grace period is given in 2026. The margin interest rate in 2026 we will zero, sir, for them. Only in 2027 we will give 3 percent before they return," explained Airlangga.
In addition, the government also provides administrative relaxation for debtors who lose documents due to disasters.
"The relaxation is administrative, they are given 6 months, because they do not have KTP, NIP, and SKU," he added.
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