OJK Pushes for Swift KUR Relaxation Policy for Sumatra Disaster Victims

Urgent Call for Regulatory Support

The Financial Services Authority (OJK) is strongly advocating for the government to swiftly issue a special regulation regarding the relaxation of Kredit Usaha Rakyat (KUR) for provinces affected by the recent natural disasters in Sumatra ¹

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Source 2

https://keuangan.kontan.co.id/news/ojk-minta-pemerintah-segera-keluarkan-kebijakan-relaksasi-kur-pasca-banjir-sumatra

. This call for urgent action comes as OJK has already implemented measures to provide relief to affected businesses through various financial institutions until 2028.

Existing OJK Measures and Proposed Government Policy

OJK Chairman Mahendra Siregar emphasized that their authority has already established a policy providing special treatment for businesses affected by the disaster, including those obtaining credit from banks and non-bank financial institutions ¹

. The existing OJK regulation, based on POJK Nomor 19/2022, allows for credit restructuring and other relief measures for affected debtors.

Key Components of Proposed Government Regulation

The proposed government regulation, currently in its final stages, is expected to include several key measures for KUR recipients affected by the Sumatra disasters ¹

:

1. Loan restructuring for businesses facing difficulties
2. Potential debt forgiveness for those whose businesses cannot continue
3. Extended grace periods for loan repayments
4. Interest subsidies for both existing and new KUR recipients

Implementation Timeline and Coordination

The government has outlined a two-phase approach to implementing these relief measures ¹

:

1. First phase (December 2025 - March 2026): Suspension of KUR installment payments
2. Second phase: Further relaxation of obligations, potentially including debt forgiveness for businesses that cannot continue operations