1,000 Red And White Kopdes Will Receive IDR 1 Trillion, 16,000 Others Wait For New PMK

Minister of Cooperatives (Menkop) Ferry Juliantono (Photo: Kemenkop)

Minister of Cooperatives (Menkop) Ferry Juliantono said that currently 1,000 Red and White Village Cooperatives (KDMP) have been able to receive capital disbursement.

Meanwhile, he said that another 16,000 Red and White Village Cooperatives that had submitted proposals were still waiting for the latest Minister of Finance Regulation (PMK) to be disbursed.

"A total of 1,000 Red and White Kopdes, the capital can be disbursed per day, there are IDR 1 trillion. Meanwhile, 16,000 Kopdes have submitted proposals, just waiting for the new Minister of Finance Regulation (PMK), can be helped with disbursement," he told the media crew at the Coordinating Ministry for Food Building, Monday, September 15.

He explained that the submission of capital proposals by several Cooperatives of Merah Putih Village was still carried out in accordance with the mandate of the Red and White Village Cooperative program.

"The business proposal is up to them, but according to their mandate, the submission, as previously conveyed by the Head of the Food Agency for outlet management, warehouse management, then logistics, then pharmacies and village clinics, all kinds of things," he said.

"Plus with many village cooperatives, urban villages that were operational yesterday, many of them carry out activities and also absorb the products of the community and sell them. Some of them are already like that," he added.

Regarding the scheme for applying for a Village Cooperative loan to the Himbara bank, Ferry emphasized that currently there is no longer a need for permission from Regency/City officials and Special Village Deliberations (Mus Rumors).

"Earlier, we asked that in accordance with the direction of the Coordinating Minister for Food, the proposal was made simple, no longer needed to get approval from district/city governments and rumors, so we just need to get approval from the management and supervisors of the Village Cooperative," he explained.

He explained that every proposal submitted by the management of the Red and White Village Cooperative must obtain approval from the supervisor, who usually also serves as the village head, so that the process can be made simpler and more efficient.

He added that currently the Deputy Minister of SOEs and Chief Operating Officer (COO) of the Danantara Investment Management Agency (BPI), Doni Oskaria is preparing a guidebook (manual book) which will facilitate the procedures for making proposals and disbursement funds.

"Tomorrow we will start traveling for regional meetings, accompanied by each Himbara bank regarding the procedures for disbursement and also making proposals that can move with the support of the Minister of Finance," he said.

Ferry added that every Red and White Village Cooperative can apply for a loan with a maximum ceiling of up to IDR 3 billion.

"The platform is Rp. 3 billion, with 1,000 Village Cooperatives, as previously stated by Mr. Doni, there are around Rp. 1 trillion, today it can be disbursed," he said.

He also hopes that the capital credit interest rate from Himbara Bank can be reduced below 6 percent so that the Red and White Village Cooperative program can run optimally.

Regarding the risk of bad credit, Ferry ensured that his party would carry out strict supervision of the operations of the Red and White Kopdes.

"Hopefully there won't be an NPL, but we have anticipated it earlier, but the business proposal will also be accompanied by Himbara Bank. So hopefully the interest could be less than 6 percent from the results with the Minister of Finance and Pak Doni," he concluded.