NYDA Youth Micro Enterprise Relief Fund 2020 for Young South African Entrepreneurs (Up to R10,000)

NYDA Youth Micro Enterprise Relief Fund 2020 for Young South African Entrepreneurs (Up to R10,000)

Posted by On May 07, 2020 0 Comment

Deadline: May 30, 2020

Are you a youth-owned enterprise operating within the borders of South Africa? Is your enterprise impacted by the COVID-19 pandemic? Apply now for the 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 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.

Funding

  • The relief fund will be capped at a maximum of R10,000 per enterprise and this will be a once-off.

Eligibility

  • 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 statement 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 applicant must provide evidence of the following:

  • 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.

Application

Completed application forms must be submitted via email to the NYDA branch or District Office closest to you. Click here to view list of offices.

Download the application form

For more information, visit NYDA Youth Micro Enterprise Relief Fund.

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