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President Joko Widodo (Jokowi) gives permission to residents to possess their own land certificates. However, this action can only be taken as long as the funds obtained are used for activities that generate income and have the ability to make regular payments.
"Swipe Up"
Jokowi wants citizens to really calculate their income sources and ability to repay installments and loan interest first.
The following is the translation of the 'Bahasa' text to 'English' while preserving any HTML tags: "Action must be taken before deciding to register the newly symbolically distributed land certificates by the President to 4,000 residents in East Java."
add Jokowi.
Jokowi conveyed information about 4,000 certificates, consisting of 3,200 land certificates from the PTSL program and 800 recipients of redistributed land certificates that have been distributed.
This is an initiative from the government through the Ministry of Agrarian and Spatial Planning/National Land Agency (ATR/BPN) to provide legal evidence of land ownership rights to the community.
Jokowi stated that he would be disappointed if the government's efforts ended up being futile because the public is not smart in registering land certificates and determining the amount of loans. The Ministry of Agrarian and Spatial Planning/National Land Agency (ATR/BPN) recorded the progress of land registration in Indonesia. Out of the total target of 126 million land parcels, currently 110 million land parcels are registered, with 90.1 million of them already having certificates.
"Swipe Up"
For East Java, out of an estimated total of 19.9 million plots of land, 16.5 million of them have been registered, while 3.4 million plots of land are still unregistered.
Through the land registration process, there has been an increase in economic value. Since it began in 2017, the increase in economic value from land certification has reached Rp6,066.7 trillion, and 96 percent of it circulates in society through Hak Tanggungan. Specifically, the increase in economic value in East Java only in 2022 reached Rp116.6 trillion, and 95 percent of it circulates in society through Hak Tanggungan.
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