According to Coordinating Minister for Economic Affairs, Airlangga Hartarto, currently, around 80 percent of the Indonesian population has access to banking services.
“The number in several regions is good, except, for example, in North Maluku. In the future, we will encourage more people to have bank accounts so they can benefit from their accounts as well as learn the risks of investment,” he said in a statement released on Saturday.
As part of the plan, the government has formed the National Council for Inclusive Finance (DNKI), which is chaired directly by the President.
In addition, state-owned enterprises (BUMN) have also been given the mandate to strengthen people’s financial literacy.
The DNKI is expected to cover several sectors, including government financial services, through the formulation of policies and the use of financial information technology infrastructure that supports effective organization and implementation mechanisms.
One such service is the electronic-based program for the provision of government assistance and subsidies, which targets the low-income community.
Through Presidential Instruction Number 4 of 2025, Prabowo has paved the way for the integration of national social and economic data held by ministries and government institutions into the National Socio-Economic Single Data (DTSEN).
So far, data from several beneficiary registries has been collected. It includes data on the 10 million beneficiary families of the Family Hope Program (PKH), 18.8 million beneficiary families of the food assistance program, and 21.5 million beneficiaries of the Smart Indonesia Program (PIP).
It also covers 96.8 million premium assistance recipients of the National Health Insurance (JKN), 16.4 million Pre-Employment Card recipients, 40.7 million electricity subsidy recipients, and 7.05 million debtors of the Micro Credit Program (KUR).
According to Hartarto, the single identifier data can also be used in the digital payment system for the distribution of social assistance, monitoring foreign exchange traffic, and increasing tax compliance.
“DTSEN is covering the total population of Indonesia, which, as of February 3, 2025, is around 285.5 million people from 93 million families,” he said.
The target for financial inclusion also includes MSME actors as well as communities consisting of students, Islamic boarding school students, youth, migrant workers, people with social welfare problems, former convicts, abandoned children, women, people with disabilities, and people residing in disadvantaged, frontier, and outermost regions.
“With the synergy and collaboration of all ministries and agencies included in the DNKI, the level of financial inclusion in 2023 has reached 88.7 percent for account use and 76.3 percent for account ownership,” the minister noted.
“We are targeting 91 percent of account use in 2025, and 93 percent in 2029,” he added.
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Translator: Bayu Saputra, Yashinta Difa
Editor: Arie Novarina
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