TEMPO.CO, Jakarta - Kusumaningtuti Soetiono, commissioner for consumer education and protection at the Financial Services Authority (OJK), said that her institution had set a target to achieve a 5-percent growth in OJK’s education in the financial literacy and inclusion sector.
“For 2016, the main performance index is set at 5 percent inclusion. It’s tough,” Kusumaningtuti said at her office on Tuesday, January 12, 2016.
One of success indicators of the financial literacy and inclusion program includes an increase in the number of people who own accounts at financial institutions. Kusumaningtuti revealed that OJK’s financial inclusion level reached more than 4 percent last year, which surpassed the target.
Kusumaningtuti added that OJK targeted people of productive age between 15 and 65 years of age to be included in OJK’s education program. In addition to an increase in the number of bank accounts, another indicator of the inclusion rate is the number of people who own investments, insurance policies, or trust fund accounts. Meanwhile, Kusumaningtuti said that OJK’s literacy program could not be measured yet.
“The literacy program cannot be assessed on an annual basis because the survey is conducted once in three years,” Kusumaningtuti explained.
DANANG FIRMANTO
