CEDA adopts youth grant programme

Delivering the budget proposals last week, the Minister of Finance and Development Planning, Baledzi Gaolathe announced that the fund will run parallel to the existing Young Farmers Fund and will provide complementary funding for the non-farming youth projects. 

The project ceilings under this revised programme have been set at a maximum of P100,000 per project with the funding provided in the form of 50 percent grant and a 50 percent interest free loan, except in cases of default where a five percent interest will be charged.