Commitment to Support MSMEs, Bank DKI Successfully Distributes KUR of IDR 1.15 Trillion Throughout 2022
Jakarta, January 20 2023Published: January 20, 2023
Jakarta – Bank DKI, as one of the banks distributing People's Business Credit (KUR), has shown full commitment by successfully distributing the entire 2022 KUR quota provided by the Government, amounting to IDR 1.15 trillion. Bank DKI President Director, Fidri Arnaldy said that Bank DKI is fully committed to maximizing KUR distribution as an expansion of access to capital for MSMEs. "Throughout 2022 Bank DKI has succeeded in distributing a KUR quota of 100% to approximately 6,023 MSME and Micro business actors. As one of the KUR distributing banks, Bank DKI is not only committed to increasing access to financing, but also empowering and assisting MSMEs to continue to grow and develop in supporting national economic growth." said Fidri (19/01). As mandated by the Government, Bank DKI's KUR distribution focuses on several sectors, namely smallholder plantations, smallholder livestock, smallholder fisheries, the MSME industry, and other businesses that have large market opportunities or superior products in the country.
The government continues to be committed to encouraging increased capital for MSMEs in order to maintain national economic stability amid projected uncertainty in global economic conditions in 2023. Most recently, through the Ministry of Cooperatives and SMEs, involving Bank DKI as a distributor, launched the People's Business Credit (KUR) program with a business group or cluster-based scheme, at the State Palace on Monday (19/12/2022). Also attending the event were Coordinating Minister for Economic Affairs Airlangga Hartarto, Minister of Cooperatives and Small and Medium Enterprises Teten Masduki, Minister of Finance Sri Mulyani, and Minister of National Development Planning/Head of Bappenas Suharso Monoarfa.
In his speech, the President hoped that with the cluster KUR model, MSME products could be absorbed as much as possible and obtain certainty on the market. "We really hope to be able to absorb as many goods as possible from existing groups, and get market certainty, reducing credit risk for business financing and from KUR distribution institutions, especially banks," added the President.
For information, the KUR Interest Subsidy Scheme program has been distributed since 2015 to MSMEs. In the last seven years, KUR volume has continued to increase in value with the total disbursed reaching almost IDR 1,300 trillion. Meanwhile, the realization of KUR for the period January 2022 to 15 December 2022 was IDR 348.47 trillion (93.38% of the 2022 target of IDR 373.17 trillion), and was given to around 7.27 million debtors. For KUR Clusters, 14,888 clusters have been accessed with a total of 1.3 million MSME units, and actual distribution (as of 15 December 2022) is IDR 4.8 trillion or 96.7% of the total IDR 4.9 trillion.
Support MSMEs with the Expansion of Digitalization
Bank DKI Corporate Secretary, Arie Rinaldi, added that apart from the capital aspect, Bank DKI is also actively developing a market digitalization program in DKI Jakarta, especially the market managed by Perumda Pasar Jaya. Finally, Bank DKI implemented a digitalization program at the Ciracas Market. Market digitalization program by providing a payment ecosystem through the JakOne Abank application, implementing QRIS, and digitizing payments in other facilities in the market environment which is expected to encourage the implementation of non-cash transactions. In support of the MSME sector, Bank DKI also provides JakOne Mobile as a super app with various digital service features that can accommodate various daily financial transaction needs, especially for traders and market visitors, such as paying various bills, taxes, levies, online shopping, top up electronic money, Scan by QRIS, and giving alms.
Arie further added that it is hoped that market digitalization will bring benefits, namely expanding financial inclusion in DKI Jakarta through the implementation of non-cash transactions. "Bank DKI is currently also developing the Digital Lending application as a solution in providing access to capital for business actors which is of course good for accelerating economic growth, especially in DKI Jakarta," concluded Arie.