Jakarta (The Indonesian News) – Indonesia’s government hopes to raise national financial inclusion to 99% through a planned “One Person, One Bank Account” program, Coordinating Minister for Economic Affairs Airlangga Hartarto said.
The target would mark an increase from the 93.61% financial inclusion rate recorded in 2026, according to the National Survey on Financial Literacy and Inclusion (SNLIK).
Airlangga presented the plan to President Prabowo Subianto during the National Coordination Meeting of Regional Financial Access Acceleration Teams (TPAKD) on Thursday, October 22.
“We are preparing the One Person, One Bank Account program, which we expect will bring financial inclusion close to 99%. That would raise it from 93% to 99%,” Airlangga said.
The program is designed to broaden public access to formal financial services, enabling more Indonesians to participate in the country’s financial system.
The government plans to allocate Rp1.28 trillion to the initiative, including an initial deposit of Rp50,000 for each account.
Airlangga said the program would target 25 million people aged 17 and older in socioeconomic deciles 1 through 4, representing lower-income and economically vulnerable households.
“The data is currently being prepared by Bank Rakyat Indonesia (BRI) and Bank Syariah Indonesia,” he said.
Beyond the One Person, One Bank Account initiative, the government is pursuing several other measures to strengthen financial inclusion.
One is the Satu Rekening Satu Pelajar (KEJAR), or One Student, One Account program. It has enrolled 59.18 million participants, with total savings reaching Rp27 trillion. The initiative aims to improve financial literacy and inclusion from an early age, helping students learn to understand and manage their finances.
The government is also expanding access to financing through the People’s Business Credit program (KUR), loans for agriculture and labor-intensive industries, and housing initiatives. These efforts are being developed through several channels, including the Regional Financial Access Acceleration Teams (TPAKD).
Overall, the government has set a target of Rp300 trillion in loan disbursements for 2026. As of October 20, 2026, disbursements had reached Rp257.84 trillion, benefiting 4 million borrowers.
The government is also seeking to improve financing access for economically vulnerable women by lowering borrowing costs. Airlangga said Prabowo had directed that annual interest rates on loans for this group be reduced to 8%.
“Most recently, the president directed that interest rates on loans for economically vulnerable women be cut from between 18% and 25% to a flat rate of 8% per year. That policy has already been implemented,” Airlangga said.
Source: Press Release of the Government Communications Agency of the Republic of Indonesia (Bakom RI)
