The cooperatives will also get easier access to the Indonesian Standard Classification of Business Fields (KBLI) so they can market state-owned enterprise products.
Deputy Minister of Cooperatives, Ferry Juliantono, in a statement in Jakarta on Wednesday, stated that 80,605 village cooperatives already have legal entities and Cooperative Identification Numbers (NIK).
Although data on administrators, supervisors, and types of businesses are already recorded, these cooperatives still require NIBs to market state-owned enterprise products such as LPG, fertilizer, and cooking oil.
He revealed that many cooperatives still struggle to access NIB permits. To access financing from the Association of State-owned Banks (Himbara) members, Red and White cooperatives require both NIBs and KBLIs.
"All the data is at the Ministry of Cooperatives, so it is hoped that village cooperatives will no longer need to input the NIB permit process," he said.
The Ministry of Cooperatives and the Ministry of Investment and Downstreaming/BKPM have agreed to establish a joint desk to assist in the process of inputting Red and White Cooperative data into the Online Single Submission (OSS) system. They will also conduct special training for cooperatives' administrators.
To further simplify the process, Deputy Minister of Investment and Downstreaming, Todotua Pasaribu, suggested that all the cooperatives' business fields be standardized to include a wide range of potential business opportunities.
He understands that the NIB is closely linked to access to financing, particularly from Himbara banks. He emphasized that after obtaining the NIB, Red and White Cooperatives are required to submit an Investment Activity Report (LKPM).
"What NIB holders must understand is that the Investment Activity Report (LKPM) relates to investment realization and must be reported," Pasaribu said.
The OSS LKPM is a periodic report that includes developments in investment realization, workforce, production, and issues faced by business actors. This report must be submitted regularly through the OSS system. To facilitate reporting, the BKPM will provide a dedicated slot or cluster on its platform for Red and White cooperatives.
"In the future, our platform will have a dedicated space or slot for Red and White cooperatives. There will be a dedicated cluster, and the important thing is that the cooperatives can act quickly," Pasaribu said.
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Translator: Arie Novarina
Editor: Azis Kurmala
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