This support, which is aimed at helping the creative economy become a new engine of economic growth, was marked by the two ministries signing a memorandum of understanding (MoU) in Jakarta on Thursday.
“We want to identify the potential of each village to strengthen the Red and White Village Cooperatives program,” Creative Economy Minister Teuku Riefky Harsya said.
He emphasized the importance of the ministerial collaboration for data development, human resource development, funding system facilitation, creative infrastructure provision in villages, development of marketing systems, and the creation of new jobs for the younger generation.
Meanwhile, Cooperatives Minister Budi Arie Setiadi expressed the hope that the collaboration will support the creation of an economy dominated by local products.
“This aligns with the government’s four main programs: job creation, food self-sufficiency, energy self-sufficiency, and downstreaming,” he added.
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The MoU between the two ministries covers institutional support and business development support for cooperatives in the creative economy sector, besides support for access to loans and financing for cooperatives in the creative economy sector.
Furthermore, it includes the protection and commercialization of intellectual property for products produced by cooperatives in the creative economy sector, the utilization of resources to support the development of cooperatives and the creative economy, and the strengthening of cooperative literacy, outreach, and education.
The Indonesian government has established over 80 thousand Red and White Village Cooperatives, which are envisaged as hubs of economic and social services in village communities, offering savings, loans, and clinic services, among others.
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Translator: Fitra Ashari, Raka Adji
Editor: Rahmad Nasution
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