Prabowo attends 79th Cooperative Day at GBK, highlights 80,000 cooperatives
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 government aims to form 40,000 red-and-white village and urban cooperatives by the end of 2026, up from about 30,000 now.
He said Indonesia's economy was dominated by neoliberal ideas for 30 years and kept backing Merah Putih cooperatives despite criticism.
The government targets 81 thousand village and urban ward cooperatives, with 12 thousand formed and about 1,000 already operating.
The government is preparing Koperasi Desa/Kelurahan Merah Putih as an economic service hub down to the village level.
The government projects the cooperatives will generate Rp223 trillion a year and become a distribution channel for subsidized goods.
On National Cooperatives Day, the president said village cooperatives can also channel low-cost credit and subsidies to prevent leakage.