SOEs Ministry Commits to Supporting Distribution of People's Business Credit in Housing Sector

Strategic Insights -

The Indonesian State-Owned Enterprises (SOEs) Ministry has reaffirmed its commitment to supporting the distribution of People's Business Credit (KUR) in the housing sector. Deputy Minister of State-Owned Enterprises Kartika Wirjoatmodjo expressed the ministry's readiness to support the distribution, hoping that the Association of State-Owned Banks (Himbara) would also participate in the program. The ministry aims to complement the three million housing program, ensuring affordable housing for the public, and is working with the Coordinating Ministry for Economic Affairs to ensure the successful distribution of KUR.

Key Takeaways:

  • The SOEs Ministry has committed to supporting the distribution of People's Business Credit (KUR) in the housing sector.
  • Deputy Minister of State-Owned Enterprises Kartika Wirjoatmodjo has expressed the ministry's readiness to support the distribution, with a focus on targeting and benefiting small and medium-sized enterprises (MSME) developers.
  • The ministry aims to support the implementation of the three million housing program and is coordinating with various parties to draft a ministerial regulation on KUR in the housing sector.
  • The Danantara Indonesia Investment Management Agency will allocate Rp130 trillion for KUR in the housing sector.
  • The SOEs Ministry is working with the Coordinating Ministry for Economic Affairs and related ministries or institutions to ensure the successful distribution of KUR.
  • Minister of Housing and Settlement Areas (PKP) Maruarar Sirait aims to complete the ministerial regulation on KUR in the housing sector by July.

Statistics:

  • Rp130 trillion will be allocated for KUR in the housing sector by the Danantara Indonesia Investment Management Agency.
  • The SOEs Ministry aims to support the distribution of KUR in the housing sector.
  • The three million housing program is aimed to be implemented by the PKP Ministry.

Sources:

  • Antara News Agency, 09 Jul 2025
  • A report from the Antara News Agency