Denpasar, Sept. 16 -- The Ministry of Cooperatives is accelerating the development of Kopdes Merah Putih (Red and White Village Cooperatives) with a focus on financing schemes and strengthening village economic independence.

Secretary of the Ministry of Cooperatives Ahmad Zabadi said the regional coordination meeting held at the Financial Services Authority (OJK) office in Bali on Tuesday was a momentum to speed up the socialization of financing access and business proposal training for Kopdes task forces in provinces and districts.

"President Prabowo Subianto has directed that financing should not only be for working capital, such as purchasing community products from state-owned enterprises, but also for infrastructure like warehouses...