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Top Pak Jokowi! KUR can now get IDR 100 million without collateral

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Jakarta, CNBC Indonesia – President Joko Widodo (Jokowi) has released a new policy on Business Credit Finance (KUR) for Micro, Small and Medium Enterprises (MSMEs).

This was stated by the Minister for the Coordination of Economic Affairs, Airlangga Hartarto, at a press conference after a meeting limited to the presidential office, the Presidential Palace complex, in Jakarta.

“The president indicated that the MSME credit target in 2024 is above 30%. So from an average of 20% it is raised to over 30%,” Airlangga said on Monday (04/05/ 2021).

The government has also decided to raise the ceiling of unsecured KUR to Rp. 100 million from Rp 50 million. The government has also increased MSME credit to Rp 20 billion. Rp 500 million – Rp 10 billion.

“These changes should be reported to the president immediately,” Airlangga said.

Jokowi, Airlangga said, also called for the interest rate on business loans for small businesses to be around 6% to relieve MSME players.

“It is necessary to make a program whether it is the guarantee program via Askrindo, the Jamkrindo is enlarged, is it also currently endowed with the regular interest subsidy of the KUR outside the PEN program”, he said .

Meanwhile, the Minister of Cooperatives and Small and Medium Enterprises, Teten Masduki, hopes that this policy will allow MSME actors to graduate, but not in a short period of time.

“The president has given special instructions to the Ministry of Cooperatives to proceed with the corporatization of MSMEs so that they no longer become individual enterprises, but in the form of a PT or a cooperative”, a- he explained.

[Gambas:Video CNBC]

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