Government targets new Cooperatives Law for completion this year
The replacement for Law No. 25/1992 is being drafted to let cooperatives enter strategic sectors, including idle wells and a cooperative bank.
Antara News, Republika
The replacement for Law No. 25/1992 is being drafted to let cooperatives enter strategic sectors, including idle wells and a cooperative bank.
The Palace meeting focused on subsidy distribution through village cooperatives, plus possible financing schemes and loan interest rates.
The government aims to form 40,000 red-and-white village and urban cooperatives by the end of 2026, up from about 30,000 now.
The proposal would lift the Ministry of Cooperatives' current Rp542.89 billion ceiling to about Rp1.88 trillion.