Village Fund Optimization Strategy for Rural Community Welfare in Indonesia
Year: 2020
Type: article
Abstract: The term village funds and village-owned enterprises appear intensively in Law No. 6/2014 concerning Villages. One of the Village Law implications is related to the Village Fund policy which is the fund from the State Budget and Expenditure (APBN). The purpose of the Village Fund is basically to promoting inclusive economy with more income distribution. Another implication is the authority to regulate, manage and organize village resources for the communitys economic development through the establishment of Village Owned Enterprises (BUMDes). The limited utilization of village funds for development and empowerment has made it inflexible to fulfill community needs. Village fund allocation for capital participation in the Village Owned Enterprise could be an offered solution without breaking existing regulations.
Source: Journal of Critical Reviews
Language: English
Subfield: Geography, Planning and Development
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W3025564686