Youth Micro Enterprise Relief Fund

The outbreak of COVID-19 has impacted a lot of enterprises globally and locally. Youth-owned enterprises have not been spared from this. A number of interventions have been announced by government and the private sector to help SMME mitigate the impact of COVID-19. It is therefore appropriate that NYDA also provide a response for youth-owned enterprises. The NYDA provided a Relief Fund to youth-owned enterprises for a period of three months. This fund was targeted at youth-owned businesses that meet the following criteria:

  • The youth owned enterprise must have been existing and operating for a period of six (6) months prior to the lockdown. Proof of this must be submitted in a form of management accounts (i.e. invoices, orders, etc.)
  • The youth owned enterprises must be able to provide financial statement for three (3) months before the lockdown and statements during the lockdown.
  •  The youth owned enterprise must submit CIPC registration documents except for informal businesses
  • The youth owned enterprise must provide proof of banking details that is not older than six (6) months  
  • Demonstrate how the enterprise has been impacted by COVID-19
  • The relief fund covered operational costs only
  • The relief fund was capped at a maximum of R10,000.00 per youth owned enterprise and this was a once-off amount
  • The application period was from 20 April up to 30 May 2020. Applications are officially closed. No new applications will be accepted!
  • Frequently Asked Questions