{
    "success": true,
    "data": {
        "id": 1709754,
        "msgid": "deputy-minister-of-cooperatives-many-gen-z-unaware-of-cooperatives-despite-their-importance-to-the-economy-1777521283",
        "date": "2026-04-30 08:40:00",
        "title": "Deputy Minister of Cooperatives: Many Gen Z Unaware of Cooperatives, Despite Their Importance to the Economy",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "The Deputy Minister of Cooperatives, Farida Farichah, has highlighted that many in Generation Z are unfamiliar with cooperatives, viewing them as outdated, even though they play a crucial role in Indonesia's national economy as enshrined in the 1945 Constitution. She noted that cooperatives have faded from public discourse over the past decades but are now gaining renewed attention through government initiatives like the Merah Putih Village Cooperatives programme, aimed at strengthening grassroots economies. However, challenges persist, including outdated 1992 regulations that fail to accommodate digital advancements, prompting calls for regulatory updates to make cooperatives more adaptive and relevant to modern needs.",
        "content": "<p>Jakarta, CNBC Indonesia - Cooperatives, once integral to community\nlife, are increasingly feeling foreign to the younger generation. Deputy\nMinister of Cooperatives Farida Farichah revealed that many Gen Z\nindividuals are no longer familiar with cooperatives, despite their\nvital role in the national economy.<\/p>\n<p>Farida stated that over the past two to three decades, cooperatives\nhave rarely been a topic of discussion, either in public spaces or among\nyoung people. As a result, the image of cooperatives is perceived as\noutdated and irrelevant to current developments.<\/p>\n<p>Yet cooperatives represent one of the pillars of the economy with a\nstrategic role in building community welfare, particularly at the\ngrassroots level.<\/p>\n<p>\u201cWe have not talked about cooperatives for a long time. Even Gen Z\nchildren might not know what a cooperative is, because they are\nconsidered conventional and not adaptive,\u201d said Farida at the Top Women\nFest 2026 last weekend, on Saturday (25\/4\/2026).<\/p>\n<p>However, this situation is beginning to change. Farida mentioned that\ncooperatives are once again in the spotlight with the emergence of\nnational strategic programmes that promote community-based economic\nstrengthening.<\/p>\n<p>One of them is the Merah Putih Village Cooperatives programme\ninitiated by the government to bolster the economy at the village and\nsub-district levels. She said this programme serves as an important\nmomentum to revive the role of cooperatives in Indonesia, while\nreintroducing them to the younger generation.<\/p>\n<p>Nevertheless, the challenges faced are not insignificant. Farida\nrevealed that cooperative regulations in Indonesia still rely on an old\nlaw that is no longer relevant to contemporary developments.<\/p>\n<p>\u201cOur cooperatives are still using the 1992 law. This is certainly a\nmajor challenge because it does not yet accommodate digital\ndevelopments,\u201d she explained.<\/p>\n<p>She emphasised that the government is currently pushing for\nregulatory updates so that cooperatives can be more adaptive, modern,\nand aligned with current economic needs. Farida reminded that\ncooperatives are not merely an ordinary business model, but part of the\nconstitutional mandate.<\/p>\n<p>In Article 33 of the 1945 Constitution, cooperatives are mentioned as\none of the forms of enterprise that form the basis of the national\neconomy, and she hopes that all levels of society, including the younger\ngeneration, can once again recognise and understand the role of\ncooperatives.<\/p>\n<p>\u201cThis is a legacy from the nation\u2019s founders that we must preserve\nand develop,\u201d she asserted.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/deputy-minister-of-cooperatives-many-gen-z-unaware-of-cooperatives-despite-their-importance-to-the-economy-1777521283",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}