Jakarta, 6 January 2022 – The Minister of Cooperatives and SMEs, Teten Masduki welcomed the increase in the allocation of people's business loans (KUR) by PT Bank Negara Indonesia (Persero), Tbk (BNI). According to Teten, BNI's policy is the right step to develop national MSMEs.
The appreciation was conveyed by Teten after BNI increased the KUR allocation up to Rp. 38 trillion as of 2022. This value increased by 22.7% compared to 2021, which was Rp 30.95 trillion.
"It was the right move. Indeed, the KUR channeling Bank must raise the ceiling, because this year the KUR allocation has been increased to Rp 373 trillion from last year's Rp 285 trillion," said Teten, Thursday (6/1/2022).
Starting 2022, the KUR ceiling set by the government will be Rp 285 trillion, up 30.9% from the 2021 allocation. BNI responded to this policy by increasing the KUR allocation to Rp 38 trillion.
Teten said that apart from increasing the KUR allocation, channeling Banks must also ensure that the collateral-free ceiling is implemented effectively. This is needed to optimize the distribution and absorption of KUR for MSME debtors.
“The Bank must also ensure that the collateral-free ceiling of up to Rp 100 million can work effectively. We will continue to increase the KUR until it reaches 30% of Bank credit for MSMEs," he said.
Separately, BNI's institutional director, Sis Apik Wijayanto, said that the increase in KUR allocation was carried out by BNI as a way for companies to help the government achieve the target portion of Banking MSME financing to 30 percent by 2024.
He said the BNI KUR allocation would be used to help maintain the growth momentum of the company's MSME segment, which is currently experiencing an increase in credit demand. BNI will also utilize the KUR allocation to encourage the growth of small businesses in the commodity sector in 8 leading clusters, in line with government directives to build a strong MSME industry through a cluster strategy.
"We are quite sure that the distribution of KUR will be in accordance with the government's allocation. Moreover, we see the demand and performance of BNI KUR which is very good," said Sis Apik.
He said BNI as an international Bank has a special strategy in developing the MSME segment. The company focuses on encouraging MSMEs to go productive, go digital, and go global.
"BNI also encourages ecosystem-based and supply chain-based financing to ensure a more sustainable growth of MSME performance. We also have a coaching and development program for MSMEs to answer all the issues they face, including the credit process, technology, and business governance capability development," he said.
There are 3 strategic focuses that BNI has to encourage MSMEs to advance to class. First, the company empowers MSME Exports and Diaspora, so that MSME players will not only expand their business overseas, but also encourage business development for Indonesian citizens living abroad.
Second, creates a superior business ecosystem. BNI will focus on working on 8 priority clusters, namely rice clusters, corn clusters, oil palm clusters, sugarcane clusters, citrus clusters, ornamental plants clusters, coffee clusters, and porang clusters.
Third, BNI establishes a Digital Value Chain to provide comprehensive support through financing to mentoring BNI partners from upstream to downstream.