Menteri Koperasi (Menkop) Budi Arie Setiadi, on behalf of President Prabowo Subianto, delivered a message to establish the Red and White Village Cooperatives (Kopdes) to combat loan sharks and monopolistic traders. The aim is for the state to stand against economic practices that burden rural communities. This directive was shared after a meeting regarding the development and preparation of Kopdes Merah Putih at the Merdeka Palace in Jakarta on Thursday, March 27, 2025. Deputy Minister of Cooperatives Feri Juliantono was also present at the meeting.
Key Points:
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Objective of Kopdes Merah Putih: To eradicate loan sharks, monopolistic traders, and abusive online loan services (pinjol) that oppress the rural population.
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Target: President Prabowo instructed the formation of 80,000 Red and White Village Cooperatives this year (2025) to address extreme poverty.
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Community Enthusiasm: The rural population is highly enthusiastic about this initiative, with hopes that by the end of June 2025, 80,000 Kopdes Merah Putih will be established across various villages.
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Ownership: Emphasis on the cooperatives belonging to the villagers, established through the village deliberative mechanism.
Budi emphasized Prabowo’s serious commitment to combatting poverty and his concern for the welfare of farmers and rural communities.
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