Collage Students Can Now Get Access to Cheap Credit from the Government


The government continues to encourage the younger generation and collage students to become the new young entrepreneurs. The government continues to increase their interest in various ways, one of them is through the People’s Business Credit (KUR) program specifically for students.

This was confirmed by the Coordinating Minister for the Economy Airlangga Hartarto. He said the government wanted to increase student interest so that they could become the new entrepreneurs through the KUR Goes to Campus socialization activity.

The step of support and encouragement from the government is to provide access to cheap and easy financing for students who have businesses.

“Students who have a business can take advantage of credit/financing through KUR according to their needs. Among them are Super Micro KUR if the business has a financing need of up to Rp. 10 million, Micro KUR for the financing of Rp. 10 million to Rp. 100 million, and Small KUR for capital needs of Rp. 100 million to Rp. 500 million,” said Airlangga quoting a press release, Tuesday (22/3/2022).

Airlangga hopes that with access to cheap and easy financing for students who have this business, they can move the entrepreneurial spirit of the younger generation.

Moreover, he hopes that they will be able to create jobs so that they can help accelerate the national economic recovery program.

Through the Financing Policy Committee for MSMEs, the government continues to encourage the development of the KUR program and increase the distribution of KUR by setting a target for KUR distribution of Rp. 373.17 trillion.

Not only that, but the government has also allocated a National Economic Recovery (PEN) budget of Rp. 455.62 trillion for 3 clusters, namely health, community protection, and strengthening economic recovery.

Furthermore, the Government gives priority to MSMEs through the PEN budget, to accelerate economic recovery, considering its very large contribution of 61 percent to GDP and 97 percent of employment. For this reason, MSMEs are expected to be able to optimize their role in contributing to economic development.