Government launches KUR tourism sector in July 2018

Jakarta, CNN Indonesia – The Government Prepares a Distribution Plan People's Business Credit (KUR) for the Tourism Sector. "In July (2018) KUR distribution rules were issued for the tourism industry," Tourism Minister Arief Yahya said after attending a coordination meeting at the office of the coordinating ministry. The economy, Friday (29/6).

According to the latest data, according to Arief, the distribution of credits to the tourism sector is still minimal, which represents only about three percent of the total disbursement of the loan. In April 2018, the Financial Services Authority (OJK) recorded disbursements of R $ 4,778.17 billion or annual growth of 8.94%.

Arief suspects that the lack of credit to the tourism sector could be caused by the problem of registration. The Central Bureau of Statistics (BPS), for example, considers the tourism sub-sector solely as housing and food. In the scheme of distribution of KUR to the tourism sector, Arief continued, the government will agree on the standardization of the nomenclature of the tourism sub-sector, such as hotels, restaurants and tourist attractions ( 19,459,006). Thus, banks can be more confident in channeling KUR to the tourism sector

"said Pak Menko (Darmin Nasution), KUR is actually for all industries. This will be positive for the Indonesian economy as the tourism sector can move the local economy and bring foreign currency to the country.

"After that, the coordinating minister (Darmin) stipulates in July that we will organize meetings (related to KUR tourism) twice"

Separately, Wimboh Santoso, chairman of the OJK Council of Commissioners, recalled the importance of integration in the tourism sector. If the tourism sector integrates with its support sectors, the banks will evaluate the smaller funding risks, so that the offender will be able to obtain financing more easily

"Transportation should be easy, attractive, safe , pleasant, sufficient, "Wimboh continued

In addition to the bank, continued Wimboh, the tourism sector can also take advantage of capital market financing and other sources of funding.

For information , from May 2018, KUR realization reached Rp 57.62 billion of this year's allocation of Rp 120 billion. (lav / bir)