Realization Of KUR Credit Disbursement Of IDR 280.28 Trillion In 2024, Airlangga Reveals Exceeding Target

Coordinating Minister for Economic Affairs Airlangga Hartarto (doc. Coordinating Ministry for Economic Affairs

Coordinating Minister for Economic Affairs Airlangga Hartarto conveyed that the realization of the distribution of People's Business Credit (KUR) reached Rp280.28 trillion in 2024.

Airlangga conveyed that the distribution of KUR in 2024 managed to exceed the target set by distribution in the production sector to dominate.

"The realization of KUR distribution until December 23, 2024, reached Rp280.28 trillion, or 100.10 percent of the 2024 target. This figure grew by 7.8 percent (yoy)," said Airlangga in his statement, Wednesday, December 25.

Airlangga said that the distribution of KUR credit was distributed to 4.92 million debtors with the composition of KUR distribution dominated by the production sector which reached 57.8 percent of the total distribution, showing the success of KUR in encouraging the growth of the real sector and MSMEs.

Despite being faced with global and domestic economic challenges, Airlangha said that the quality of KUR distribution is maintained and shown through the KUR Non-Performance Loan (NPL) level of 2.19 percent maintained below the national NPL of 2.21 percent.

According to Airlangga, the improvement in the quality of KUR distribution is also shown through the total number of new KUR debtors as of October 31, 2024, reaching 2.52 million debtors or 107.65 percent of the target of new KUR debtors in 2024 at least 2.34 million debtors.

This can also be seen from the increase in access to financing, KUR debtors who are graded in 2024 reaching more than 1.30 million debtors or 111.24 percent of the KUR graduates debtor target that has been set at least 1.17 million debtors.