Jakarta – The rollout ofโ up too Rp. 3 โbillionโข in financing for Red and White Village/Subdistrict Cooperatives from state-owned banks is facing delays due to issues with business proposals, according to Minister ofโค Cooperatives Ferry Juliantono. The financing initiative,intended to support cooperative ventures like โgrocery stores,pharmacies,clinics,and warehouses,has been slowed by regulatory adjustments.
Aโ previous โขfinance Ministry regulation, number 49, was cancelled and replaced โฃwith โa new decree to guideโ state-owned banks (Himbara)โข inโ disbursing funds. Though, securing financingโข requires “bankable and feasible” proposals,โฃ a current stumbling block for many cooperatives.
“The amountโข is not โtoo much asโข yesterday thereโ was a Minister of Finance regulation which we had to cancel because of number โ49. Yesterday โthere was a new minister of Finance Decree which will then become a guidelineโ for Himbara toโ disburse. But for this process to be bankable and feasible, it must be accompanied by making a proposal,” Ferry stated at the Coordinating Ministry for โFood, Jakarta, on Monday (October 27, 2025).
While hundreds of โRed and White Village/Subdistrict Cooperatives โขhave been established, the exact number receiving Himbara financing remains unclear. Ferry โฃnoted approximately โขone hundred cooperatives whereโค initially modeled, with additional units emerging, but meaningful operationalโค progress is pending.
“There are a โlot of things like this, there are around a hundred of thoseโค that we made mock-ups of at โthatโ time.Then withโข several village โขcooperatives thatโฃ are also running,โค there are additions,โ but they are not โขyet significant because we haven’t โคyet entered the operational stage. Only in October will we start to perfect theโ operational โฃstage,” Ferry explained.
To address theโค proposal โฃchallenges, the government is deploying businessโ assistants to support โcooperatives. “One business assistant forโข 10 village cooperatives. That’s who we will assist to assist village cooperatives, makeโข business proposals according to our ideal of being able to run grocery stores, pharmacies, clinics, warehouses, and so on,” Ferry said.
(ada/hns)