HomeNewsVideos

Financial inclusion index target has been reached

08 November 2019 13:48

JAKARTA. The Financial Services Authority (OJK) reports that the government's target for the inclusion index to reach 75% in 2019 has been achieved, since the index now has reached 76.19%. Meanwhile, the financial literacy index this year also rose by 38.03%.

The government, through Presidential Regulation No. 82 of 2016 concerning the National Strategy for Financial Inclusion (SNKI), set a target of financial inclusion index of 75% in 2019.

The level of both the financial literacy index and the inclusion index is higher than in 2016. At that time, the financial literacy index was recorded at 29.7% and the financial inclusion index was recorded at 67.8%. Thus, in the last three years, there was an increase in the financial literacy index of 8.33% and an increase in access to financial products and services (financial inclusion) of 8.39%.

"The increase is the result of joint hard work between the government, OJK, relevant ministries/institutions, the financial services industry and various other parties, who continue to strive to continuously improve financial literacy and inclusion in the community," said Member of the Board of Commissioners of OJK in charge of Consumer Education and Protection, Tirta Segara, through his press statement on Thursday (7/11)

The 2019 OJK survey involves 12,773 respondents in 34 provinces and 67 cities/districts taking into account the gender and strata of areas (urban/rural). (AM/AR)

© 2024 - IDN Financials - All Rights Reserved.