REGULASI DALAM PEMBERIAN KREDIT USAHA RAKYAT BAGI USAHA MIKRO, KECIL, DAN MENENGAH

Abstract

Regulation of the Coordinating Minister for Economic Affairs Number 1 of 2023 regulates
the distribution of People's Business Credit (KUR) by emphasizing the principles of inclusivity
and accountability. KUR can be distributed directly by financial institutions or through a linkage
pattern in collaboration with other financial institutions to reach a wider range of MSMEs.
However, for Indonesian Migrant Workers (PMI), KUR distribution is carried out directly.
Distribution through linkage institutions must meet strict technical standards, such as reporting
through the Program Credit Information System (SIKP), guarantees from verified institutions,
and electronic system integration to ensure transparency. Collateral provisions are
differentiated based on the loan ceiling. For loans below IDR 100 million, additional collateral
is not allowed to ensure accessibility. Violations of these provisions are subject to administrative
sanctions.
The KUR program includes various schemes, including super micro KUR with a ceiling of
up to IDR 10 million and low interest rates, as well as light requirements. The government also
encourages effective distribution through training for linkage institutions, increased supervision,
and information technology support. Intensive socialization to MSMEs, especially in remote
areas, is needed so that they understand the application procedures and their rights.
KUR recipients can access other credit as long as the collectibility is smooth, with
restrictions on loan frequency based on sector. Routine reporting to the MSME Financing Policy
Committee through SIKP is mandatory, and starting October 1, 2023, an integrated electronic
system will become a mandatory standard. KUR recipients are also directed to participate in the
BPJS Ketenagakerjaan program as part of social protection.Overall, the KUR policy aims to
strengthen MSMEs through inclusive, adaptive, and accountable financing, in order to increase
the independence, productivity, and competitiveness of small businesses in Indonesia.

Keywords: Regulation, Provision of People's Business Credit