Housing KUR Distribution Is Strengthened, Airlangga Says He Will Involve Danantara For Banking Coordination

Coordinating Minister for Economic Affairs Airlangga Hartarto. (Photo: Doc. ANTARA)

JAKARTA - Coordinating Minister for Economic Affairs Airlangga Hartarto conveyed that People's Business Credit (KUR) related to Housing Program Credit (KPP) will continue to be encouraged for its implementation.

Airlangga explained that the government had asked the Danantara and the State-Owned Enterprises Regulation Agency (BP BUMN) to encourage banks to be able to disburse loans in the housing sector.

"KPP will also be encouraged to increase its implementation, because this is only in two months. Then we ask that in the future this will also be prepared, especially the readiness of the banking sector. So we ask the antara and also BP BUMN, it is to encourage the banking system to be able to disburse credit for the housing sector," he explained to the media crew, Monday, November 17.

He added that this program is still new, so a follow-up meeting will be needed to ensure all mechanisms run well.

Airlangga emphasized that the total KUR budget of IDR 320 trillion does not include the allocation of IDR 130 trillion for housing financing.

According to him, the funds for the housing will be additional (on top), with an initial distribution target of around IDR 28 trillion in the first quarter of 2026.

In addition, he continued, the government also encourages the strengthening of KUR guarantee activities by Askrindo and Jamkrindo, namely the difference in guarantee fees for each program.

"That they ask for each program there is a difference in fee, it is to discuss business to business between banks and Askrindo and Jamkrindo. Of course we ask for this discussion to be protected by intermediate funds and BP BUMN," he explained.