2022 State Budget and Fiscal Incentives Presentation
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People's Business Credit (KUR) program to increase access to
finance for entrepreneurs and SMEs
1 Increase the ceiling of KUR in 2021 to IDR 373,1 trillion
The KUR ceiling for 2022 was initially set at IDR 250 trillion.
The Coordination Meeting of the Financing Policy Committee for MSMEs on
December 29, 2021 decided to increase the KUR ceiling in 2022 from
Rp250 trillion to Rp373.17 trillion and will be evaluated in the first semester
of 2022.
Ceiling KUR 2022
Total Ceiling has Distributed: Rp373.14 trillion
KUR
SuMi
KUR
Micro
KUR
KUR
Small
TKI
Rp21.19 trillion
(5.7%)
Rp239.21 trillion
(64.1%)
Rp112.35 trillion
(30.1%)
Rp0.39 trillion
(0.1%)
•
2
Relaxation of the KUR Policy During the Covid-19
Small business KUR without limitation on accumulation of KUR ceiling up to December 31, 2022
Delaying the target of the production sector untill. December 31, 2022 or in accordance with the consideration of
the Financing Policy Committee for MSMEs.
Provision of further incentives in the form of extension of KUR restructuring
Provision of administrative relaxation for prospective KUR debtors during the Covid-19 pandemic based on the
objective assessment of KUR Distributors
Additional 3% KUR interest subsidy for 6 months (until 30 June 2022)
3
Changes in KUR Policy To Expand and Increase KUR Distribution
☐
Changes in the ceiling for Micro Business KUR (without additional collateral) which was previously above Rp. 10 million up to Rp. IDR 50 million to
above IDR 10 million untill IDR 100 million.
Change of Special/Cluster KUR without limitation on accumulation of KUR ceiling for the production sector (non-trade) and interest subsidies according
to the type of KUR.
Increased PMI KUR ceiling from untill IDR 25 million to untill IDR 100 million, withdrawal (KUR disbursement) according to PMI needs and simplification
of KUR distribution.
The reduction in interest subsidies/margin subsidies for KUR Super Micro KUR decreased by 1% to 12%; KUR Micro fell 0.5% to 10%; Small KUR
interest subsidy remains at 5.5%; and interest subsidies for PMI Placement KUR decreased 0.5% to 13.5%.
Source: Coordinating Ministry for Economic Affairs
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