New Financial Inclusion Index at 36%, Jokowi Sets Ambitious Target, Jakarta: President Joko Widodo (Jokowi) mentions the new financial inclusion index of Indonesia at the level of 36 percent based on the 2014 data.
The condition occurs after 71 years of Indonesia’s independence and becomes a great country, economically. It means, Jokowi said, there are still lots of them who have yet to enjoy the banking services.
“Then, there are still others who have yet to own savings and there are those who have yet to gain access to bank loans,” mentioned Jokowi during the launching of the National Financial Inclusion Strategy, or Strategi Nasional Keuangan Inklusi (SNKI), at the Presidential Palace, Jakarta, Friday (11/18/2016).
Jokowi has also targeted the absorption of financial inclusion ambitiously in 2019, which is 75 percent. He admitted that it would be difficult to reach the target, as he instructed the ministers for all social aid funds to enter the financial and banking system.
“I hope the governor, regents, mayors, for the trillions of social aid funds not distributed yet can be dispersed through the banking system. It is a large amount of money. If all governors, regents, mayors do this, it would reach the targeted amount,” he elaborated.
According to Jokowi, the more people having banking access, it would create more order among the public, as their financial management will be better.
“They can even save, to prepare for their future needs, faster to gain business capital loan without going to a loanshark. I emphasise to all parties related to the strategy to apply everything. If the strategy is made but the application does not go according to the strategy, it would be meaningless. But if you cooperated, I will check everything,” he affirmed.
Therefore, the 75 percent target of financial inclusion will continuously be checked by Jokowi every month to experience some percent of increase.
“Moreover in front of us is the target to achieve 75 percent of financial inclusion within four to five years, which is not small. It should be done if our community wants to increase their welfare,” he concluded.