The Youth Enterprise Support (YES) would Wednesday roll out its first funding scheme worth GH₵2,675,000.00 to young entrepreneurs determined to engage in crafts of their own.
107 successful applicants out of the 2,048 are expected to benefit from the amount with each beneficiary earmarked for some GH₵25,000.00.
They are also expected to receive technical support from the YES secretariat.
Payment of the cash incentive, Kasapafmonline.com understands, would be done by President John Mahama at the seat of the government, Flagstaff House.
The beneficiaries are expected to invest the money into the agriculture/agribusiness, services and cottage industries based on the proposal they submitted to the secretariat of the YES.
They are expected to repay the money but the timeframe is immediately not known.
The Chief Executive Officer of the YES, Helga Boadi commenting on the initiative in an interaction with journalists on Monday said “we are encouraged by the high level of youth interest and buy-in to the YES program. This is remarkable considering challenges with misinformation and negative attitudes from some quarters.”
“All successful applicants will be held to strict business ethics and repayment plans,” she noted.
YES is a strategically targeted youth intervention that aims to identify and support exceptional entrepreneurial potential.