The Ministry of Public Housing and Settlements is preparing to roll out a landmark housing-focused People’s Business Credit (KUR) program worth Rp130 trillion (US$8 billion) by the end of this month. The housing sector’s inclusion in the KUR scheme has received green lights from both the Coordinating Ministry for Economic Affairs and the Ministry of Finance. The financing support, spearheaded by State investment management agency BPI Danantara, is expected to boost the construction of affordable, decent-quality homes across the country. Five major banks have confirmed their participation in the distribution of the housing KUR funds: Bank Mandiri, Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), Bank Tabungan Negara (BTN), and Bank Syariah Indonesia (BSI). The announcement followed a closed-door meeting between President Prabowo, Vice President Gibran Rakabuming Raka, and cabinet members during the inauguration of Wisma Danantara Indonesia on Monday, June 30, 2025. According to the Ministry of Cooperatives and SMEs, the total KUR allocation for 2025 stands at Rp287.47 trillion, meaning nearly 45 percent will be channeled to the housing sector. Overall, government-backed credit programs total Rp307.61 trillion, including additional schemes such as agricultural equipment loans worth Rp137.45 billion and labor-intensive industry financing of Rp20 trillion.Source : https://indonesiabusinesspost.com/4669/policy-and-governance/indonesia-set-to-launch-rp130-t-housing-kur-program-this-month (ICE GIACARTA)

Fonte notizia: Indonesia Business Post, 04/07/2025