"The government is committed to developing financial literacy and entrepreneurial skills, especially for livestock farmers, in order to transform an inclusive and productive economy," the ministry's Deputy for Macroeconomics and Financial Coordination, Ferry Irawan, stated here on Saturday.
Irawan affirmed that the government is committed to realizing an inclusive and productive economy by increasing the transfer of knowledge and technology as well as partnerships.
The strategy was launched to achieve a national financial inclusion rate of 90 percent by 2024, he stated.
He explained that the ministry is partnering with state-owned enterprises (SOEs) to increase business scale and speed up the development of community livestock farms.
The government is also encouraging optimization of production by ensuring good supply and demand management, facilitating the distribution of subsidies, and encouraging farmers' regeneration, especially for young farmers.
In addition, Irawan stated that the government is offering the Smallholder Business Credit (KUR) program with low interest as an option for financing farmer groups.
Speaking in connection with access to financing, Irawan remarked that the government also carries out digitalization to improve financing for the community.
According to Irawan, digitalization can support financial inclusion that has an impact on increasing overall economic activity.
"For this reason, the acceleration of digital financing is one of the strategies for developing smallholder livestock farmers," he remarked.
Meanwhile, the government also pushes for wider access to formal financial services, both investment and funding, which play an important role in improving public welfare.
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Translator: Bayu S, Kenzu
Editor: Azis Kurmala
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