Indonesia Distributes People's Business Credit to 1,000 MSMEs to Create Jobs

RRI.CO.ID, Bali - The Indonesia's government has officially implemented a mass People's Business Credit (KUR) agreement for 1,000 micro, small, and medium enterprises (MSMEs) in the Creative Economy as part of the Bali Province Creative Economy MSME and Leading Entrepreneurship Exchange program. This program is a concrete step in optimizing the use of Intellectual Property Rights (IPR) as collateral, expanding access to financing for the creative economy sector, and accelerating the increase in the national entrepreneurship rate.

Coordinating Minister for Human Development, Abdul Muhaimin Iskandar, believes that research is one way to accelerate MSME growth. "We want to continue to expand the economic ecosystem that fosters MSMEs and the creative economy in Bali and serve as an example for all provinces in our country," he said at Udayana University, Bali, on Wednesday, May 13, 2026.

The event also provided a meeting space for technology and commodity-based business incubators to strengthen a sustainable and adaptive business ecosystem to industrial developments. He also emphasized that this program is expected to encourage the further growth and advancement of Bali's creative economy MSMEs.

The Minister of Creative Economy/Head of the Creative Economy Agency, Teuku Riefky Harsya, stated that the creative economy and MSMEs play a significant role in creating jobs and strengthening the people's economy. He also considered MSMEs to be a strategic new engine of national economic growth.

"Today, there are approximately 1,000 recipients of MSME and Creative Economy Business Credit (KUR) payments, with the largest subsectors being culinary, fashion, and crafts. Within cultural creativity, there are subsectors from culinary, crafts, fashion, fine arts, and performing arts, or approximately 13 of the 21 creative economy subsectors that signed the agreement today," the Minister said.

This mass agreement for KUR for 1,000 Creative Economy MSMEs represents a concrete implementation of the MoU between the Ministry of Creative Economy and the Ministry of MSMEs, and the acceleration of the increase in the entrepreneurship ratio is expected to create quality jobs. The Minister of Creative Economy explained that Bali Province is one of 15 priority creative economy regions based on the National Medium-Term Development Plan (RPJMN). Therefore, collaboration with Hexa Helix is essential to address various challenges.

"Today's activities are part of supporting MSMEs to go national, and even one day, global. We hope that Bali's IP will go national and ultimately global," he added.

A total of 239 creative economy actors received access to the People's Business Credit (KUR) at this event, divided into three categories: super-micro KUR, micro KUR of IDR 10 million to IDR 100 million, and small KUR above IDR 100 million, totaling IDR 37.99 billion.