Youth Businesses Gets Govt/LEA Boost

The two entities signed a Memorandum of Understanding last whose ultimate goal is higher survival rates among youth start-ups, particularly those funded through the Youth Development Fund (YDF).

Established by government in 2009, the YDF aims to encourage out-of-school, marginalised and unemployed youth to venture into sustainable and viable income generating projects. The Fund offers successful applicants up to P100,000 comprising both a grant and an interest free loan.