NYDA to Offer Free Grants to Entrepreneurs
The National Youth Development Agency (NYDA) says it will start dishing out free money to youth entrepreneurs in the near future.
NYDA chairperson, Yershen Pillay, says that grant finance will range between R1 000 and R100 000.
Pillay states that the NYDA will only offer loan finance to young entrepreneurs, adding that, "Instead there will be grant finance in the form of micro-finance grants for survivalist youth entrepreneurship and cooperative grants for greater participation of youth in the cooperative sector.
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