During a visit to the ANTARA Heritage Center here on Friday, Maman said the program is not only aimed at providing decent housing for the public but also opens wide opportunities for businesses in the housing sector, such as brick and sand producers, construction material suppliers, and consulting services.
“I encourage the public to make the most of this program. KUR interest rates, which are usually around 15 percent, are now only 5–6 percent. This is similar to the MSME scheme, only with a higher ceiling,” he said.
The KUR for the housing sector is a government initiative allocating Rp130 trillion this year to help citizens access housing. The program is designed to address the housing supply gap while boosting national economic growth.
Of the total allocation, Rp117 trillion is designated for supply-side activities, including housing developers, construction service providers, and MSMEs in building materials. Meanwhile, Rp13 trillion is directed toward demand-side financing, allowing individual MSMEs to use the credit to support their businesses.
Through this scheme, the government provides interest subsidies to make loans more affordable, lowering the effective rate to about 5–6 percent.
Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) Anindya Bakrie said the housing KUR program has the potential to create up to nine million jobs.
This figure covers not only direct employment in construction but also the ripple effects across related industries, including cement, steel, wood, and transportation services.
“This is a breath of fresh air for Indonesia’s economy, which currently needs a boost, particularly in job creation,” Anindya said in Jakarta on Tuesday, September 16.
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Translator: Primayanti
Editor: Azis Kurmala
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