Jakarta (ANTARA) \u2013 Coordinating Minister for Economic Affairs\nAirlangga Hartarto said the One Person, One Account programme could\nincrease national financial inclusion to 99 per cent.<\/p>\n
The target would be an increase from the 93.61 per cent financial\ninclusion rate recorded in 2026, according to the National Survey on\nFinancial Literacy and Inclusion (SNLIK).<\/p>\n
\u201cWe are preparing the One Person, One Account programme, which will\nbring our financial inclusion close to 99 per cent. So it will rise from\n93 to 99 per cent,\u201d Airlangga said at the National Coordination Meeting\nof the Regional Financial Access Acceleration Teams (TPAKD) in Jakarta\non Thursday.<\/p>\n
The One Person, One Account programme aims to expand public access to\nformal financial services, connecting more people to the national\nfinancial system.<\/p>\n
The government plans to allocate Rp1.28 trillion to the programme,\nincluding to provide an initial deposit of Rp50,000 for each\naccount.<\/p>\n
Airlangga said it would target 25 million people aged 17 and over in\ndeciles 1\u20134, or the lower-income groups.<\/p>\n
\u201cThe data are currently being prepared by BRI and Bank Syariah\nIndonesia (BSI),\u201d he said.<\/p>\n
The government is also seeking to strengthen financial inclusion\nthrough a range of other programmes. One is the One Account, One Student\nprogramme (KEJAR), which has 59.18 million participants and total\nsavings of Rp27 trillion.<\/p>\n
The programme aims to improve financial inclusion and literacy from\nan early age, enabling students to understand and manage their finances\neffectively.<\/p>\n
The government is also expanding access to financing through the\ndistribution of People\u2019s Business Credit (KUR), lending for agriculture\nand labour-intensive industries, and housing programmes.<\/p>\n
These efforts are being developed through several channels, including\nthe Regional Financial Access Acceleration Teams (TPAKD).<\/p>\n
Overall, the government has set a target of Rp300 trillion in lending\nthis year. By 20 October 2026, disbursements had reached Rp257.84\ntrillion, benefiting four million borrowers.<\/p>\n
The government is also widening access to finance for women in\nlow-income households by reducing interest rates. Airlangga said\nPresident Prabowo had directed that annual interest rates for loans to\nthis group be cut to 8 per cent.<\/p>\n
\u201cThe latest direction from the President is to reduce interest rates\nfor loans to women in low-income households from 18 to 25 per cent to a\nflat 8 per cent a year. This has already been implemented,\u201d he said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/mass-account-opening-programme-could-raise-financial-inclusion-to-99-per-cent-1792680936", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }