Financial Services Authority, Semarang, July 15, 2016: Member of the OJK's Board of Commissioners, Kusumaningtuti S. Soetiono, and Central Java Governor Ganjar Pranowo appointed the Central Java Province Team for Acceleration of Regional Financial Access (TPAKD) on Friday.
The establishment of the TPAKD is expected to foster economic development and community empowerment through better financial access for the local population and MSMEs in Central Java.
TPAKDs were designed as a response to the local population that requires financial access for their personal, family and business needs. Therefore, TPAKDs as coordinating forums for government institutions and stakeholders are expected to improve and accelerate financial access in regional areas in order to boost economic growth and create more prosperous communities.
"The establishment of the Central Java TPAKD represents the financial services industry's actual efforts to promote economic development and community empowerment, by improving financial access for the local community and MSMEs," Kusumaningtuti said in her welcome speech for the event.
She added that there were many potential MSME business sectors in the Central Java Province that might need financial access provision or wider financial access and they could become TPAKD's target groups. They include for example, red onion farmers in Brebes, organic rice farmers in Boyolali, batik merchants at the Klewer market, and merchants at Solo's Legi Market.
Central Java Governor Ganjar Pranowo expects TPAKD to generate visible benefits to the public, and to implement activities towards better public welfare and higher MSME business capacity in Central Java.
Given the importance of the MSME sector in supporting economic growth, capacity-building efforts that are targeted to MSMEs are essential. Those efforts include developing such enterprises' skills in managing their financial and business affairs and expanding their financial access.
The inaugurations of TPAKDs in the Central Java Province and other provinces/regents/cities in Indonesia were carried out to follow up the Home Minister Radiogram No. T-900/634/Keuda dated February 19, 2016—that calls on regional chiefs (governors, regents and mayors) to form TPAKDs in their respective provinces/regencies/cities together with the OJK—and the Action Synergy for People's Economy program that was launched by Indonesian President Jokowi on April 11, 2016 in Brebes, Central Java.
The presence of the TPAKD in the Central Java province is expected to give the public, especially the local MSMEs, easy access to the financial services sector and provide more opportunities to financial services institutions in the Province to market and offer products and services suitable for the local population and MSMEs.
For more information:
Panca Hadi Suryatno
Head of the Region 3 OJK Office, for the Provinces of Central Java and Special Region of Yogyakarta.
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