Youth Development Fund loans go astray, PAC hears

The Youth Development Fund (YDF) cannot be monitored due to the lack of a proper loan book with the Ministry of Youth, Sports and Culture unable to recover outstanding balances, the Public Accounts Committee heard yesterday.

The YDF is an empowerment programme aimed at encouraging 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. Yesterday, the Ministry Of Youth, Sports and Culture permanent secretary, Lewis Malikongwa stunned PAC members when he said the ministry could not account for the millions of Pula likely to be outstanding in the Fund.

Editor's Comment
Keep your mask close

Wearing of masks behind closed doors has been mandatory following the government’s August decision that the public was freed from masking in outdoor spaces.According to a press statement from the ministry, all other remaining COVID-19 protocols such as social distancing in schools and requirements for vaccination or PCR tests at ports of entry have also been relaxed.Statistics still show that hundreds still die daily due to the pandemic around...

Have a Story? Send Us a tip
arrow up