The Ministry of Youth, Gender, Sport & Culture informs the youth that a call for submissions for Youth Development Fund (YDF) for 2022/23 will start at all Districts and Sub-Districts effective Wednesday 10th August 2022 to Tuesday 6th September, 2022 at 1000 hrs.
The threshold for YDF financing remains at P100 000.00 for individuals and P450 000.00 for youth industries/co-operatives. Funding is in the form of a 50% grant and 50% interest free loan. The following sectors will be given priority for funding, provided their proposals meet all other criteria, and as funds may permit; Manufacturing, Agriculture and its value chain, Agro and Eco-Tourism, Technology and Innovation and existing self-financed youth businesses with evidence of proper financial records and attractive prospects for expansion and job creation.
Youth entrepreneurs are encouraged to complete application forms and comply with existing programme guidelines. Application forms may be collected and submitted at MYSC offices nationwide. The application forms may also be accessed and downloaded from the MYSC Facebook page and the BW Government Facebook page.
No applications will be accepted beyond the deadline and there will be no extension to the closing date. Applications that do not comply with these requirements will not proceed to the appraisal stage and will immediately be disqualified.
Please note that YDF application forms will also be available for completion on the Local Enterprise Authority (LEA) online portal effective 15th August, 2022. After completion, LEA will only be providing advisory to such completed applications, this is primarily to manage traffic into the LEA offices and provide comprehensive assistance to applicants.
For more information, please contact the MYSC Public Relations Office on 3682667/3686859, or MYSC district offices and LEA branches nationwide.