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Youth Micro Enterprise Relief Fund 2020

Youth Micro Enterprise Relief Fund 2020

Country: South Africa
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Details

The National Youth Development Agency calls application for NYDA Youth Micro Enterprise Relief Fund 2020.

The outbreak of COVID-19 has impacted a lot of enterprises globally and locally. Youth-owned enterprises have not been spared from this. A number of interventions have been announced by the government and the private sector to help SMME mitigate the impact of COVID-19. It is therefore appropriate that NYDA should also provide a response for youth-owned enterprises. The NYDA is going to provide a Relief Fund to youth-owned enterprises for a period of three months.

Criteria

  • The youth-owned enterprise must have been existing and operating for a period of six (6) months prior to the lockdown. Proof of this must be submitted in a form of management accounts (i.e. invoices, orders, etc.).
  • The youth-owned enterprises must be able to provide financial statements for three (3) months before the lockdown and statements during the lockdown.
  • The youth-owned enterprise must submit CIPC registration documents except for informal businesses.
  • The youth-owned enterprise must provide proof of banking details that is not older than six (6) months.
  • Demonstrate how the enterprise has been impacted by COVID-19.
  • The relief fund will cover operational costs only.
  • The relief fund will be capped at a maximum of R10,000.00 per youth-owned enterprise and this will be a once-off amount.
  • The application period is from 20 April up to 30 May 2020.

Requirements

The applicant must provide evidence of the following to participant in NYDA Youth Micro Enterprise Relief Fund

  • The enterprise is owned by youth between the age of 18 to 35 years.
  • The owners are South African citizens.
  • They are residing in South Africa.
  • The business operates within the borders of South Africa.

Download Application Form

Frequently Asked Questions

Specifications

Type of Opportunity Miscellaneous
Deadline30 May,2020
CountrySouth Africa
Open toYouth Enterprises
OrganizerNational Youth Development Agency

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