Youth Development Fund Public Notice

The public is informed that the Department of Youth will be receiving applications for funding of businesses under the Youth Development Fund (YDF). YDF is one of the Department's development and empowerment flagship programmes, that was established to assist young citizens to start up or expand existing small profit making business projects. The fund can be accessed by out-of-school and unemployed citizens aged between the ages of 18-29 years.

The funding is offered on the following guidelines;

1. Applicants will be required to attend a pre-application Orientation Session and Business Awareness Creation workshop of the fund guidelines and application forms. NB: ONLY those who attend orientation shall be considered for assistance.
2. Approval of the project shall strictly depend on the project viability and sustainability.
3. Pre-disbursement entrepreneurial development training shall be a pre-requisite.
4. The project ciling is P100 000.00 on a 50% grant and 50% interest free loan basis
5. The maximum loan repayment period shall not exceed 60 months.
6. A penalty of 5% interest shall be charged on defaulters.
7. The grace period for the loan component shall not exceed 36 months and will depend on the type of project funded.

Activity: Orientation Session and Business Creation Workshops
Expected Deliverable: Guidance on how to complete the Application Forms and Guidelines
Timeframe: From 13 June 2011 To 8 July 2011

Activity: One on One Consultations
Expected Deliverable: To assist applicants in the formulation and  completion of project proposals
Timeframe: From 11 July 2011 To 10 August 2011


For more information contact the nearest District Youth Office OR call tollfree number 0800 600 883