The Office of the Premier today handed over the funding agreements to 17 beneficiaries of the Premier’s Youth Development Fund (PYDF).
The marks a significant milestone of youth empowerment in Mpumalanga, and the Provincial Government’s efforts to empower young entrepreneurs and fostering economic inclusion. The PYDF, is a flagship initiative of the Mpumalanga Provincial Government, aimed at supporting youth-led businesses and projects that drive job creation, skills development, and sustainable economic growth.
Since its inception, the PYDF initiative has prioritised youth-led projects from historically disadvantaged communities, with a focus on empowering women, persons with disabilities, and rural-based entrepreneurs. It provides start-up capital and resources through grants for credible business plans, whilst creating sustainable job opportunities for the unemployed youth.The handover of the funding certificates emanates from a rigorous and transparent selection process.
The certificates confirm the terms, conditions, and details of a funding agreement between the beneficiaries and the Mpumalanga Provincial Government. They also serve to certify that the beneficiaries have met the criteria to receive grant funds and will utilise the financial support for the intended purpose.The Mpumalanga Provincial Government has committed that it will continue to fund the deserving youth-owned enterprises until the end of the 2025/26 financial year.
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