Housing Loan Program Worth Rp 130 Trillion Seen Creating 9 Million Jobs, Says Anindya Bakrie
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JAKARTA, Investortrust.id — Chairman of the Indonesian Chamber of Commerce and Industry Anindya Novyan Bakrie says the government’s Rp 130 trillion housing credit program has the potential to create up to 9 million jobs in construction and supporting industries.
Speaking on Tuesday, Sept. 16, 2025, at the Gotong Royong Housing for National Heritage Symposium in Jakarta, Anindya said the construction sector, including housing, already employed 8 million workers, representing about 6 percent of the national labor force. It ranked fourth after agriculture, trade, and manufacturing.
He noted that high borrowing costs had long been a key obstacle for developers, contractors, and building material suppliers, discouraging housing investment and limiting supply.
“Therefore, Kadin welcomes the interest subsidy scheme of 5 percent, reduced from prevailing market rates of 11 to 12 percent. This is what we call the people’s business credit program for the housing sector,” Anindya said.
He added that with backward linkages to industries such as cement, steel, ceramics, furniture, and logistics, the total employment impact could reach 9 million workers.
“With this Rp 130 trillion allocation, plus the multiplier effects in supporting industries, the total number of jobs created is not only 4 to 5 million, but could rise further to 9 million,” Anindya explained.
The government’s program was formalized under Regulation of the Coordinating Ministry for Economic Affairs No. 13 of 2025. Ferry Irawan, Deputy for State-Owned Enterprise Management and Development at the ministry, said the scheme would channel Rp 117 trillion through the supply side and Rp 13 trillion through the demand side, for a combined Rp 130 trillion.
“The supply side support is designed to help contractors, developers, and the wider housing ecosystem deliver affordable housing. The demand side is aimed at directly assisting households,” Ferry said at the same event.
Under the supply scheme, loans ranging from Rp 500 million to Rp 5 billion per disbursement would be offered with a 5 percent interest subsidy. The loans could be used for working capital or investment. Repayment periods are set at four years for working capital loans and five years for investment loans.
The government has also prepared restructuring and non-restructuring options, with extended maturities of five years for working capital and seven years for investment loans.
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