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🇮🇩 Indonesia /Culture & Society

Raja Ampat launches 'Noken-Kapowen' movement to instill early saving habits in students

From Republika · () Indonesian

Translated from Indonesian and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • Raja Ampat Regency in West Papua has launched the 'Noken-Kapowen' movement, making saving a mandatory habit for all students.
  • The program aims to build financially literate, independent young generations capable of managing their future.
  • This initiative is supported by the Financial Services Authority (OJK) and aligns with national efforts to increase financial inclusion.

The Raja Ampat Regency government in West Papua has officially mandated all students to participate in the 'Noken-Kapowen' movement, a strategic initiative designed to instill early saving habits and enhance financial management skills from a young age. Regent Orideko I Burdam stated that the program aims to cultivate a generation that is financially literate, independent, and capable of preparing for a better future.

The habit of saving from an early age will produce a generation that is financially literate, independent, and capable of preparing a better future.

— Orideko I BurdamRaja Ampat Regent Orideko I Burdam explaining the long-term benefits of the 'Noken-Kapowen' movement.

The implementation of 'Noken-Kapowen' requires close collaboration between the local government, schools, parents, students, and financial service industries. The goal is to embed the habit of saving into a deeply rooted culture among all students in Raja Ampat. The program was initiated by the Raja Ampat Regional Financial Access Acceleration Team (TPAKD) to boost financial literacy and inclusion among students, accelerating the implementation of the 'One Account Per Student' (KEJAR) program.

'Noken' is an acronym for 'no consumptive, diligent in saving,' while 'Kapowen' means 'we are ready and optimistic to realize economic revival.' These terms represent a local wisdom-based approach to stimulate students' interest in regular saving. The Raja Ampat Regency government is strengthening its cooperation with the Financial Services Authority (OJK) to support this initiative, viewing it as crucial for improving human resource quality and driving regional economic development.

Noken is an acronym for 'no consumptive, diligent in saving,' while Kapowen means 'we are ready and optimistic to realize economic revival.'

— Orideko I BurdamRaja Ampat Regent Orideko I Burdam defining the terms behind the 'Noken-Kapowen' movement.

Budi Rahman, Head of OJK for West Papua and Southwest Papua, affirmed that 'Noken-Kapowen' is a strategic step in strengthening financial literacy and inclusion through local wisdom. He noted that instilling a saving culture from an early age positively impacts the character development of young people, enabling them to make wise and responsible financial decisions in the future. The movement also follows up on a ministerial decree aimed at accelerating the KEJAR program.

The movement follows up on Ministerial Decree Number 8 of 2022 concerning the Acceleration of KEJAR Program Implementation.

— Budi RahmanHead of OJK Papua Barat and Papua Barat Daya, Budi Rahman, explaining the regulatory basis for the 'Noken-Kapowen' movement.
About this summary

Originally published by Republika in Indonesian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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