The National Youth Development Agency (NYDA) has launched the Youth Micro Enterprises Relief Fund (YMERF) aimed at assisting youth-owned enterprises, which might not qualify for other Covid-19 relief funds.
“This fund will respond to challenges facing youth-owned businesses, such as the inability to pay employees, lack of income and waiting periods for other funding mechanisms.
“Funding will be capped at R10 000 for every qualifying business.
“More details about the NYDA Youth Micro Enterprise Relief Fund are available on www.nyda.gov.za and on all NYDA social media platforms,” the agency said.
Applications are open and close on 30 May 2020.
For more info contact NYDA at 0800 52 52 52.