Not Ratified By The DPR RI, Minister Teten Worried That The Cooperative Bill Will Resign From The Target

BANDUNG - Minister of Cooperatives and SMEs (Menkop UKM) Teten Masduki admitted that he had concerns that the Cooperative Bill (RUU) would not be completed this year, because the DPR RI had not ratified the regulation.

"This is indeed the most risky because it has entered the political year, it really needs commitment from all parties, especially from the leadership of the DPR because if it is not finished this year, it will be a bit risky, this is a very urgent emergency," Minister Teten told reporters in Bandung, West Java, Wednesday, October 11.

Teten said the Presidential Letter (Surpres) regarding the appointment of a government representative to discuss the bill had been signed by President Joko Widodo (Jokowi) on September 19, 2023 and had been received by the DPR.

In the letter, the Ministry of Cooperatives and SMEs as well as the Ministry of Law and Human Rights will represent the government in discussing the bill.

"Therefore, we hope that the leadership of the DPR prioritizes the discussion of the terrace bill in the future trial period (after the recess)," he said.

He added that there are two main points that will be revised, namely improving the cooperative business ecosystem, so that cooperatives can operate, such as corporations that enter all business sectors. Second, increasing supervision of cooperatives, especially the most risky thing right now is savings and loan cooperatives.

According to Teten, savings and loan cooperatives are actually very large and the growth value is also quite large. However, the supervisory model is still like a small cooperative that relies on internal supervision.

In fact, continued Teten, in the Law on the Development and Strengthening of the Financial Sector (P2SK) it has been regulated that medium and large-scale savings and loan cooperatives must be monitored by external supervisors.

"Meanwhile, small-scale cooperatives can still be monitored internally," he concluded.