Jakarta, March 28 -- President Prabowo Subianto has initiated the Red and White Village Cooperatives program amid a challenging global economic climate and development disparities between urban and rural areas.

Under the program, cooperatives will be established in 70 thousand to 80 thousand villages across Indonesia, with each cooperative allocated a fund of Rp3 billion (around US$180.9 thousand) to Rp5 billion (around US$301.6 thousand).

The program is not just an economic policy, but also a concrete manifestation of the mutual cooperation spirit that is characteristic of the Indonesian nation.

By utilizing the collective power of village communities, the cooperatives will aim to create economic independence and reduce dependence on ...