Jakarta, Indonesianpost.com – Reported by Antara, Finance Minister Sri Mulyani Indrawati and Deputy Minister of State-Owned Enterprises (SOEs) Kartika Wirjoatmodjo have discussed the financing strategy for the Red and White Village Cooperatives.
The discussion took place during a visit by a team from the SOEs Ministry to the Finance Ministry’s Financial Education and Training Agency.
Indrawati emphasized that the meeting focused on designing a strong, credible, and accountable governance structure for the Red and White Village Cooperatives.
“In line with President Prabowo Subianto’s message, the financing and governance strategy of the Red and White Village Cooperatives is crucial to ensuring the sustainability of this initiative. This will remain a key priority for the government,” Indrawati shared on her Instagram account @smindrawati on Wednesday.
She expressed optimism that the Red and White Village Cooperatives would serve as a foundation for village economic independence, managed with transparency to ensure growth and deliver real benefits to local communities.
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Earlier, Cooperatives Minister Budi Arie Setiadi proposed an additional budget of IDR 5.98 trillion for 2025 to further strengthen the Red and White Village Cooperatives.
“We aim to reinforce the foundation of the cooperatives, focusing on management support of IDR 340 billion and cooperative support of around IDR 5.6 trillion,” Setiadi said during a working meeting with Commission VI of the Indonesian House of Representatives in Jakarta on Wednesday.
He explained that the proposed budget would help implement the ministry’s seven key tasks, as outlined in Presidential Instruction (Inpres) Number 9 of 2025, concerning the acceleration of the establishment of the Red and White Village Cooperatives.
The proposed budget allocation includes IDR 500 million for developing a business model for the cooperatives, IDR 3.90 billion for creating a module to establish 80,000 Red and White Village Cooperatives, and IDR 30.94 billion for inventorying existing cooperatives.
Additionally, the proposed budget includes IDR 5.10 trillion for mentoring, education, and training of cooperative human resources, IDR 220.36 billion for strengthening digital-based cooperative management, IDR 163.15 billion for promoting the formation of 80,000 cooperatives, and IDR 140.63 billion for monitoring and evaluating their progress. (BL)