OJK: Increased financial inclusion kerek village economy

every one percent increase in financial inclusion in the region, will increase the human development index 0.16 percent

Jakarta (Armfalcon.com) – Chief Executive for Monitoring the Behavior of Financial Services, Education and Consumer Protection of the Financial Services Authority (OJK) Friderica Widyasari Dewi said that increasing financial inclusion will also boost the economy, including the economy in rural areas.

“OJK already has a program to increase financial literacy and inclusion in all regions in Indonesia. Because indeed every one percent increase in financial inclusion in the regions will increase the human development index by 0.16 percent,” he said in the Central Java TPAKD Rakorda as quoted in the OJK’s official statement in Jakarta, Thursday.

He added that the OJK will continue to strengthen financial inclusion in rural areas by increasing public financial access to appropriate financial products and services, such as People’s Business Credit (KUR), Credit/Financing Against Moneylenders (K/PMR), and funding. Securities Crowdfunding (SCF).

Strengthening access to finance in rural areas will also be accompanied by an expansion of financial education so that increased use of financial products and services is in line with people’s understanding or literacy level.

OJK noted that currently in Central Java an entire TPAKD team has been formed consisting of 1 Provincial TPAKD and 35 Regency/City TPAKD.

All TPAKDs, both at the provincial and district or city levels, have developed thematic work programs and flagship work programs according to regional characteristics and the need for access and certain financial products.

Going forward, to continue strengthening financial literacy and inclusion, especially in the context of village economic independence, OJK will build an Integrated Village Financial Information Center (PIKD) which is part of the Inclusive Financial Ecosystem (EKI).

“Pilot projects the program will be implemented in Wonosobo Regency, and later it can also be implemented in all Regencies/Cities in Central Java,” said Friderica.

The PIKD program is a synergy between the OJK and the Regional Government and the Financial Services Industry which also accommodates a joint program between OJK, the Ministry of Tourism and Creative Economy (Kemenparekraf) and the Ministry of Villages, Development of Disadvantaged Regions and Transmigration, namely the tourism village development program.

The collaboration between OJK and Kemenparekraf is implemented nationally through the Inclusive Financial Ecosystem program which targets villages.

“OJK will continue to improve synergy and joint collaboration between local governments, ministries and institutions, as well as other stakeholders in the context of developing the regional economy through village economic independence and increasing financial literacy and inclusion,” he said.

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source: www.antaranews.com

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