Kemenkop UKM Targets Cooperative Bill To Be Enacted By The End Of 2023

JAKARTA - The Ministry of Cooperatives and SMEs (Kemenkop UKM) targets that the discussion and ratification of the Cooperative Bill (RUU) can be carried out by the end of 2023. This is an effort to provide quality ecosystems for cooperatives.

"The revision of the cooperative bill is expected to be able to modernize cooperatives in the future through various provisions updates, ranging from the deposit guarantor agency, the cooperative supervisory authority, legal sanctions, to cooperative governance," said Secretary of the Ministry of Cooperatives and SMEs (Sesmenkop UKM) Arif Rahman Hakim in a written statement received by VOI, Tuesday, October 10.

Arif said the Cooperative Bill, which is the third amendment to Law Number 25 of 1992, is expected to be the answer to the public's need for a policy umbrella on cooperatives that is adaptive to the challenges of the times and dynamics in the field.

"In the amendment to the Cooperative Bill, we want to encourage cooperatives to become healthier, stronger, independent, and resilient," he said.

There are several things that are considered in the Cooperative Alliance (1995), such as strengthening the identity of cooperatives adapted from the International Cooperative Alliance (1995), combined with the character and spirit of Indonesianism, namely the principle of kinship and mutual cooperation.

Then, modernization of cooperative institutions with updates on membership provisions, organizational devices, capital, and businesses. Then, there are adoption and recognition in models that have developed among the community, such as sharia cooperatives, multi-party cooperatives, cooperative apex, joint responsibility patterns, and others.

"In addition, there is an increase in protection for members and / or the community through the establishment of two pillars of the institution, namely the Supervisory Authority of Cooperatives and the Deposit Insurance Corporation for Cooperative Members, as well as increasing legal certainty by regulating the provisions of administrative and criminal sanctions," said Arif.

On the other hand, in creating a more resilient economic structure, the Kemenkop UKM created a platform called EntrepreneurHub, which is a platform designed to create an easier entrepreneurial ecosystem by providing various entrepreneur-related information. Starting from ideas in finding or starting a business, to managing and developing the business you have.

Through EntrepreneurHub, it is hoped that there will be active roles from various circles, both from the government and other supporting institutions as enablers, as well as entrepreneurs to have the same vision in maximizing a good entrepreneurial ecosystem in the country.

"Thus, Indonesia's target as a developed country in 2045 can be realized through the birth of quality entrepreneurs," he concluded.