Government Distributes KUR to 1,000 Creative Economy SMEs in Bali
Jakarta (ANTARA) - The government has officially carried out a mass signing of People’s Business Credit (KUR) for 1,000 micro, small, and medium enterprise (MSME) actors in the creative economy as part of the Creative Economy MSME and Outstanding Entrepreneurship Exchange activities in Bali Province.
The Minister of Creative Economy/Head of the Creative Economy Agency, Teuku Riefky Harsya, stated that the distribution of this KUR is the result of implementing a Memorandum of Understanding (MoU) between the Ministry of Creative Economy and the Ministry of Cooperatives and SMEs, disbursed to the largest creative economy subsectors of culinary, fashion, and crafts.
“Today, there are around 1,000 KUR MSME and creative economy recipients, with the largest subsectors being culinary, fashion, and crafts. From cultural creativity, there are subsectors of culinary, crafts, fashion, visual arts, performing arts, or around 13 out of 21 creative economy subsectors that signed the credit agreements today,” said Riefky in an official statement received in Jakarta on Wednesday.
The total number of recipients is 239 creative economy actors who gained access to KUR, divided into three categories: super micro KUR with a ceiling below Rp10 million, micro KUR from Rp10 million to Rp100 million, and small KUR above Rp100 million, with the overall total amounting to Rp37.99 billion.
This mass signing of KUR for 1,000 Creative Economy MSMEs is also aimed at accelerating the increase in the entrepreneurship ratio, with the hope of creating quality job opportunities.
He stated that the creative economy and MSMEs play a significant role in creating jobs, strengthening the people’s economy, and serving as a new engine for national economic growth, which is highly strategic.
The Creative Economy Minister explained that Bali Province is one of the 15 priority creative economy regions based on the National Medium-Term Development Plan (RPJMN), thus requiring collaboration with the hexahelix to address various challenges.
“Today’s activity is part of supporting MSMEs to Go National and even one day Go Global. With the hope that Bali’s intellectual property can go national and eventually become world-renowned,” he added.
This programme represents a concrete step in optimising the utilisation of Intellectual Property Rights (IPR) as collateral, expanding financing access for the creative economy sector, and accelerating the increase in the national entrepreneurship ratio.
The development of KUR financing from 1 January to 11 May 2026 has reached Rp102.8 trillion and covered 1.6 million MSME debtors. With production economy sector financing reaching 63.2 percent towards 65 percent, among which Rp8.9 trillion or 8.9 percent has been channelled to the creative economy sector.
The Coordinating Minister for Human Development and Culture (Menko PM), Abdul Muhaimin Iskandar, said that this activity also introduces technology- and commodity-based business incubators to strengthen a sustainable and adaptive business ecosystem in response to industry developments and to encourage Bali’s creative economy MSMEs to rise and advance.
Meanwhile, the Minister of Cooperatives and SMEs, Maman Abdurahman, on this occasion launched the Sapa UMKM application as a one-stop service system for micro, small, and medium enterprises across Indonesia.