Encourage Financial Inclusion, OJK And Stakeholders To Form TPKAD Throughout Indonesia

OJK (photo: dock. Antara)

JAKARTA - The Financial Services Authority (OJK) together with relevant agencies and stakeholders have completed the formation of a Regional Financial Access Acceleration Team (TPAKD) throughout Indonesia. The TPAKD consists of 38 TPAKD at the provincial level and 514 at the district or city level.

"We encourage all these TPAKD forums to be more useful in formulating various work programs that can be a catalyst for the use of legal and safe financial products, in order to realize the financial inclusion target in 2045," said Acting Head of the Literacy, Financial Inclusion and Communications Department of OJK M Ismail Riyadi quoting Antara.

The establishment of TPAKD in all provinces and regencies or cities is carried out by the OJK to encourage the acceleration of financial access in the regions to increase regional economic growth and create a more prosperous society.

The last TPAKD formation was carried out in the Papua region, whose implementation was held simultaneously in Sorong, Tuesday (19/11) to inaugurate eleven TPAKD in the Papua region, namely TPAKD Papua Mountains Province, Central Mamberamo Regency, Mamberamo Raya Regency, Fakfak Regency, South Manokwari Regency, Arfak Mountains Regency, Teluk Bintuni Regency, Teluk Wondama Regency, Maybrat Regency, Raja Ampat Regency, and South Sorong Regency.

Ismail said the formation of the TPAKD was also an effort by the OJK to realize the mandate as stated in Law Number 59 of 2024 concerning the 2025-2045 National Long Term Development Plan (RPJPN), namely the 91 percent financial inclusion target by 2025 and 98 percent by 2045.

He also said that the existence of TPAKD has an important role in providing access to accessible (easy to access/reachable), flexible (not rigid), and affordable (low cost).

Access or financial inclusion is an important catalyst in sustainable economic development which will also reduce poverty and maintain financial stability.

Therefore, broad and equitable financial access plays an important role in supporting vulnerable communities and strengthening a wider economic foundation.

Acting Director General of Regional Finance, Ministry of Home Affairs (Kemdagri) Horas Maurits Panjaitan hopes that TPAKD can support regional economic development efforts and improve community welfare.

"TPAKD was born as a coordination team that is very important for the Government, Regional Governments and stakeholders in accelerating financial access in the regions, supporting regional independence, increasing regional economic growth and improving the social welfare of the people in the regions," said Horas.

The initiation of the formation of TPAKD began in 2016, through a meeting of Indonesian President Joko Widodo with the Chairman of the OJK Board of Commissioners, the Governor of BI and the Ministers of the Working Cabinet who conveyed the need for efforts to increase financial access in Indonesia.

As a follow-up to the meeting, the Ministry of Home Affairs issued Radiogram No.T. 900/634/Keuda dated February 19, 2016 regarding the Establishment of TPAKD.

In the context of accelerating the formation of the TPAKD, in 2021, a Circular Letter of the Minister of Home Affairs No. 900/7105/SJ dated December 15, 2021 regarding the Establishment of a Regional Financial Access Acceleration Team.

Several work programs that have been actively implemented through TPAKD include the One Account One Student (KEJAR) program, Credit/Financing Against Moneylenders (K/PMR), Credit/financing of the Priority Sector (KK/PSP) Agriculture, Inclusive Financial Ecosystem (EKI), Officeless Financial Services in Inclusive Finance (Laku Pandai) and others.