Jakarta (ANTARA) – The Indonesian Chamber of Commerce and Industry (Kadin) has prepared a financing scheme to support the development of Red and White Village Cooperatives as part of efforts to strengthen the people’s economy.Kadin Chairperson Anindya Bakrie stated here on Thursday that, in accordance with the mandate of Law Number 1 of 1987, Kadin not only represents state-owned enterprises (SOEs) and private companies but also cooperatives and micro, small, and medium enterprises (MSMEs).To this end, Kadin also pays special attention to the Red and White Village Cooperatives.”Around one month ago, we held a national coordination meeting for cooperatives and prepared a scheme to support the Red and White Cooperatives,” he said after a discussion with the Coordinating Ministry for Economic Affairs.However, the Kadin chairperson stated that the financing for the village cooperatives also depends on the government’s policies.President Prabowo Subianto officially launched around 80 thousand village cooperatives nationwide under the Red and White Village Cooperatives program in July, aimed at strengthening the village economy.The cooperatives are envisaged as hubs of economic and social services in village communities, offering savings, loans, and clinic services, among others.The government is targeting all of the 80 thousand cooperatives to fully operate by November 2025.Following the issuance of the Finance Minister’s Regulation Number 63 of 2025, the Red and White Village Cooperatives can now start to apply for a loan to state-owned banks, namely BNI, BRI, BSI, and Bank Mandiri.Deputy Minister of Cooperatives Ferry Juliantono here on Thursday stated that the state-owned banks have prepared a manual outlining the steps for the loan application and disbursement to four banks.
Kadin prepares financing scheme for Red and White Village Cooperatives
