The National Youth Development Agency was launched in 2009 as a South African youth development agency aimed at creating and promoting coordination in youth development matters. NYDA offers some finance for start up and expansion for companies owned by Youth. NYDA has different funds available.
The objective of the Grant Programme is to provide young entrepreneurs an opportunity to access both the financial and non-financial business development support to establish their survivalist businesses. The programme will focus on youth entrepreneurs who are just coming into existence and beginning to display signs of future potential but not yet fully developed.
A total of 500 South African youth owned enterprises will benefit from the grant programme starting from R1000 to R100 000, while thousands more youth will access the non-financial business support services. Young people interested in accessing the grant programme will have to commit to participate in the NYDA mentorship and voucher programme for a minimum of 2 years.