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.
- 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.
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