Jakarta, July 10 -- Cooperatives Minister Budi Arie Setiadi has highlighted that the Red and White Village Cooperatives established nationwide, whose number has crossed 80 thousand so far, are targeted to become fully operational by December 2025.

"The President has stated that the target is that by the end of this year, December 2025, 80 thousand cooperatives would already operate," he said in Jakarta on Thursday.

The operational financing of the village cooperatives will be based on the business proposals submitted by them. According to the minister, this is aimed at ensuring targeted funding and encouraging independence among the cooperatives.

Setiadi said that village cooperatives can pursue several potential businesses, such as li...