Jakarta, Sept. 15 -- Indonesia's Finance Minister Purbaya Yudhi Sadewa said on Monday that the government has not set a specific funding quota for state-owned banks to finance village cooperatives.

He explained that the recent Rp200 trillion (US$12.2 billion) injection into five state-owned banks from the government did not include such requirements.

"There's no specific target. Essentially, the funds are with the banks. If the banks choose to use them, they can do so using the existing system. In principle, the funds are available for that program," Sadewa said.

He added that if state-owned banks decide to provide loans to village cooperatives, the applicable interest or placement cost would be only 2 percent.

This rate, he noted, is...