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NYDA funding 2022 guide: Application forms, dates, requirements, eligibility criteria

Did you know the NYDA funding programme has helped numerous South African youth become self-sufficient? The National Youth Development Agency (NYDA) was established to deal with challenges experienced by young people in the country. It promotes their economic development, employment, and social cohesion.

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NYDA funding is one of the programmes run by the National Youth Development Agency, established by an Act of Parliament , i.e. Act 54 of 2008. The agency primarily deals with issues affecting South African youth, including lack of capital to start business ventures.

NYDA funding 2022 guide

Do you wish to learn how to apply for NYDA funding in 2022? The agency provides financial and non-financial support to young entrepreneurs to grow their businesses.

Non-financial support includes mentorship, business consultancy services, market linkages, and business development training. Read on to learn how you can access the funding.

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How to get funding from NYDA: Step-by-step guide

To access NYDA business funding, you must meet specific criteria and submit an application. You can submit your application by visiting your nearest NYDA Branch. Alternatively, you can apply online using the steps below.

• On an internet-enabled device, visit the official portal .
• Click Youth Enquiry/ Registration . A registration form will appear on your screen. Fill it out, ensuring you enter the correct information. Click Submit to create your account.
• Once you create the account, submit all necessary documentation.
• Provide proof of attending a Business Management Training course.
• Once the officials go through your application and ascertain you meet the requirements, you will be required to present a business pitch presentation of 10 minutes. You can do this in person or via the telephone.
• A due diligence assessment of the business will be conducted by officials from the agency. Once approved, you will receive the funding. There are different levels of funding, as shown below.

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NB: A sum of R250,000 is given to youth running or planning to run agriculture and technology projects. NYDA funding application forms for 2022 are not available on the porta yet.

Who qualifies for NYDA funding?

If you require the support of NYDA to start a business, you must meet specific criteria. The grant can be given to individuals, members of cooperatives, or community development facilitation projects. The NYDA funding requirements are listed below.

Qualifications for individual business owners and entrepreneurs

• Be aged between 18 and 35 years.
• Be a South African citizen or resident.
• You must not be an un-rehabilitated insolvent.
• Your business must be operating in South Africa.
• You must have completed schooling (not in high school or college).
• You must have the skills needed to run the business or intend to run or at least demonstrate a potential skill that can be nurtured.
• You must have no criminal or corruption record.
• You must be involved in managing the daily activities of the venture.
• You must be of sane mind.
• You must have completed business management and life skills training up to a specific standard set by recommendation from clients.
• You must have a viable business idea and a business plan.
• Your idea should be profit-driven.
• If you are employed, you should resign when your application is approved.
• You must have a bank account.

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Qualifications for cooperatives

• All members should be aged between 18 and 35 years.
• All members should be South African citizens or residents.
• The primary applicant or one of the members should be actively engaged in the daily operations of the business.
• The applicant should be of sound mind.
• The venture proposed or started by the cooperative should be viable.
• The cooperative must operate within the country's borders.
• The cooperative should have at least five members.
• If the highest shareholder is employed, they should resign when the application is approved.

NB: Funding for individuals should be a minimum of R1,000 and a maximum of R250,000. On the other hand, funding for cooperatives should be a minimum of R1,000 but not exceed R250,000.

Individuals/ cooperatives not allowed to apply

Individuals or cooperatives who meet one or more of the things below should not apply for funding.

• Ventures with an annual turnover above R750,000 and cooperatives with a yearly turnover above R1,000,000.
• Businesses in the sex and adult industry.
• Applicants who have received over R500,000 from other financial institutions.
• Pyramid schemes.
• Businesses that need capital of less than R1,000 or more than R200,000.
• Businesses that generate their primary income from alcohol or tobacco sales.
• Those with a withstanding small enterprise loan or any other loan from the agency, or those that had their loan written off by the agency.
• Applicants who want finance to replace their current financier.
• Funding to purchase exclusive business or distribution rights/ patent registration/ venture capitals/ private equity funds/ investment trusts.

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How do I contact NYDA? If you need more details about how to access NYDA funding, use the contact details below to speak to officials at the headquarters.

• Switchboard: 087 158 6345/ 5738
• Customer service telephone: 087 158 4742
• E-mail addresses: [email protected]

What does NYDA help with?

It helps with capital to start and run viable business ventures. It also offers non-financial services like market linkages and business development training.

How do I apply for NYDA?

You can apply for financial aid on the NYDA portal. Alternatively, you can visit an NYDA branch to submit your application .

What are the 3 NYDA programmes?

Besides the business funding programme, there are more than three programmes. These include the National Youth Service Programme, voucher programme, mentorship programme, business management training programme, and the market linkages programme.

Who qualifies for NYDA?

The qualification criteria include being a South African citizen or resident between 18 and 35 years and with the skills or qualifications appropriate for a particular enterprise.

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How does NYDA funding work?

The funding works by giving qualified youth money to start businesses. It also provides non-financial business support services to make these ventures successful.

How much can I receive from the NYDA?

The agency provides funding ranging from R1,000 to R200,000. Up to R250,000 may be given for technology and agriculture-related ventures.

How can the grant money be used?

It can be used to buy assets, bridge finance, renovate a shop, or pay working capital to a grantee.

Can I use the grant to purchase a car?

You cannot use the grant to purchase a vehicle. In addition, the money should not be used to pay loans, re-finance existing loans, or settle overdue/ outstanding revenue service liabilities.

How long does it take to process the grant?

The agency will check your credit and process the application within 30 working days. Once approved, the grant is processed at the Head Office within 30 working days.

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Can I appeal if my application is rejected?

You cannot appeal if your application is rejected. However, you can re-apply for the grant.

Through the NYDA funding programmes, numerous South African youth have started successful businesses. The agency has, without a doubt, improved the lives of youth and inspired them to pursue their dreams.

DISCLAIMER: This article is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility!

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What You Need to Know About NYDA Business Funding [Updated]

Updated on 28 March 2023

UPDATE: This article was originally published in May 2015, but due to its popularity it’s been updated on 28 March 2023.

The National Youth Development Agency ( NYDA ) business funding last year changed its youth enterprise funding model from a fixed interest loan structure to that of a micro-finance grant provision system.

The agency partnered with the Industrial Development Corporation (IDC) and the Small Enterprise Finance Agency to provide funding and support to youth-owned businesses for a five-year period.

The R2.7 million grants  programme  offers qualifying businesses both financial and non-financial support to youth entrepreneurs (between ages 18 and 35), which unlike a loan does not have to be paid back.

We unpack what is this  NYDA business funding programme  and how you can benefit from it.

What is  NYDA  grant  programme ?

The NYDA grant programme is designed for youth entrepreneurs who are intentional, promising and currently at a new stage of development. The grants programme is made up of two categories, financial and non-financial business support services under which entrepreneurs have to be committed for two years. The non-financial support services include; mentorship, business consultancy services, market linkages, business management training programmes and youth cooperative development programmes.

The grant  programme aims to benefit a total of 500 South African youth-owned enterprises with financing and give thousands of more access to non-financial business support services. Financial support starts from R1000 and goes up to R100 000. The financial assistance from the grant can be used for working capital, financing the assets and purchasing stock. By June this year, over R200 million had been disbursed to businesses owned by young people.

• See also: A Guide to NYDA Funding

How can the NYDA assist you?

The NYDA grant programme focuses on youth entrepreneurs who are intentional, promising and currently at a new stage of development. 

The NYDA offers non-financial support to businesses that qualify. The support includes mentorship, business consultancy services, market linkages and business management training programmes among others. 

How does it work?

Young people interested in accessing the grant programme will have to commit to participating in the NYDA mentorship and voucher programme for a minimum of 2 years. The grants programme has also reduced the lead time for any businesses to receive a response (whether favourable or not) to 21 days.

Under non-financial business support services, entrepreneurs will benefit from programmes ranging from mentorship,  market linkages, voucher programmes, entrepreneurship and youth cooperative development programmes, and also other necessary business support systems.

Young people interested in accessing the grant  programme will have to commit to participating in the  NYDA  mentorship and voucher  programme  for a minimum of 2 years.

“The focus of the  programme  is youth entrepreneurs who show potential but are still in need of financial assistance and support”

The grants  programme  has also reduced the lead time for any businesses to receive a response (whether favourable or not) to 21 days.

Levels of grants

There are three levels of grants, each focusing on different types of youth enterprises including:

1. Formal and informal business grants are issued to individuals who are at the promising and start-up phase of their development or development stage.

2. Individuals benefit from the grant  programme  when they come together and form co-operatives with a minimum of 5 persons, to meet their common economic and social needs.

3. The grants  programme facilitates a process of community development by identifying projects that are funded through  NYDA  funds and/or funds sourced from partners.

Who qualifies?

To qualify for the NYDA grant, applicants must have been operating for over a year. The focus of the programme is youth entrepreneurs who show potential but are still in need of financial assistance and support. The applicants must have the necessary skills and experience or a potential skill appropriate for the enterprise that they conduct or intend to conduct. 

“The business must have a profit motive, be commercially viable and sustainable”

The types of businesses assisted through the grant  programme are mainly: artisan skilled entrepreneurs. These include, but are not limited to, motormechanics and panel beaters, electricians, plumbers, domestic appliance repair services, beauticians, hair dressers, cleaning companies, small scale recycling companies, street vendors, car washes and others.

See Also: How to Access Funding For Your Business

Qualifying criteria

Entrepreneurs must be involved in the day-to-day operation and management of the business. Businesses must operate either informally or formally – that is generally recognised as micro-enterprises, for example, street traders, vendors, emerging enterprises. The business must have a profit motive, be commercially viable and sustainable.

There are three thresholds by which businesses are measured. These are a survivalist business, start-up and growth business.

For a survivalist business, a grant of R1,000 – R10,000 is given. Start-ups receive between R10 001 and R50 000. And for the growth of business, a grant of R50 001 to R100 000 is dispatched.

The application process for the NYDA grant includes:

• You must apply before the age of 35. 
• Submit all required documents. 
• Proof that you have attended a business management course. 
• A 10-minutes business pitch can be conducted telephonically or in person.
• A due diligence report will be conducted by an NYDA official. 

You can contact the NYDA call centre on 0800 52 52 52, visit your local branch or download an application form on their website here.

Who is excluded?

There are business activities that the NYDA  grant  programme , for moral reasons, does not support. These include tobacco, gambling and alcohol as primary income generators, and pyramid sales schemes.

Some terms and conditions must be met, including due diligence, before the grant is approved.

The grant funding cannot be used for the following:

– To pay a bribe.

– To pay back existing loans your business has.

– Any material purpose not contained in the application for a grant or defined during the due diligence stage and detailed in the approved Terms & Conditions unless written approval has been granted by NYDA.

The grant funding will not provide for:

– The financing of vehicles.

– To resolve arrears or outstanding South African Revenue Service (SARS) liabilities, whether it is current or non-current.

– Individuals who have already benefited from another Development Finance Institution to an amount above R500,000.

– People who have been convicted of fraud will not be considered for this grant.

Source: NYDA website

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Everything You Need to Know About NYDA Grants

NYDA grants are funds, support or facilitation offered by the National Youth Development Agency (NYDA) to individuals, businesses or cooperatives who qualify. In this article, you will learn all you need to know about the National Youth Development Agency (NYDA) Grant to put you in a position to get one.

Who is the NYDA Grant is for?

The grant is part of the youth development initiative by the National Youth Development Agency (NYDA) meant to alleviate the challenges that the youth of South Africa face. Youths are aged between 14 and 35 years. But for this grant, any applicant has to be between 18 and 34 years 9 months old (three months before turning 35). This is part of the qualifications that the applicants or groups of applicants must meet before they get the grant.

There are three categories of people who may apply for this grant:

• Individual entrepreneurs
• Individual business owners
• Members of cooperatives

The agency insists that you must have promising business ideas that are at new stages of enterprise development before you apply. You should also be intentional about your business if you want to get a grant from this programme. The official National Youth Development Agency website states the following qualifications as a must for applicants to get NYDA grants:

Qualifications for Individual Entrepreneurs and Business Owners

• You must be between 18 and 35 years of age.
• The applicant must be a South African citizen.
• Your business must be operating within the South African borders.
• The applicant should have the skill for the business you run or intend to run or at least show the potential skill that can be nurtured.
• You must be involved in managing the day to day operations of the business.
• The applicant must be of sound mind.
• You must have no record of fraud or corruption unless you are under rehabilitation from being in conflict with the law.
• The applicant must not be an un-rehabilitated insolvent.
• You must not be attending high school, only tertiary institutions.
• The applicant should have a mentor approved by NYDA. If you don’t, the agency will assign you one of their own.
• You must have completed business management and life skills training up to a standard set by recommendation from clients.
• The applicant should have qualifications relevant to the business or at least have some experience in entrepreneurship.
• You must have a feasible business plan or viable business idea.
• The applicant’s business or business idea must be sustainable.
• Your business must have a profit motive.
• The applicant’s business must be a microenterprise, for instance, selling at stalls or being a vendor. Either run formally or informally.
• You must have a bank account.
• If you are employed when your grant is approved, you are supposed to resign. After which, you must show the evidence of your resignation to a grant officer from the agency.
• The funding you seek from the NYDA grant must be above R1,000 but should not be more than R200,000

Qualifications for Cooperatives

• All members should be youths between 18 and 35 years of age.
• Every cooperative member should be a South African citizen.
• The main applicant or at least one of the members should be involved in the day to day running of the business operations and management.
• The applicant should have the skill to run the business or at least show the potential skill that can be nurtured.
• The venture pursued by the cooperative should be viable.
• The cooperative should be operating within the South African borders.
• Members should be at least five.
• If the highest shareholder, who is involved in the day to day operation and management of the business, is employed when the grant is approved, they should resign. After that, they should provide proof of resignation to an NYDA grant officer.
• The sought out grant funding must be more than R1000 but not exceed R250,000.

Services Offered by the NYDA Grant

The NYDA grant has both financial and non-financial support services on offer to youths who qualify.

Financial NYDA Support

The nyda funding is granted to:.

• Funding request starting from R1,000 but not exceeding R200,000
• Funding requests starting from R1,000 but not exceeding R250,000 for technological and agricultural projects.
• Applicants who previously accessed and fully paid up a National Youth Development Agency (NYDA) MicroLoan of R50,000 and below
• Bridge financing
• Entrants who need co-funding partners for a legal entity
• Applicants who need working capital paid directly to them.
• Entrants who need to renovate their shops
• Applicants who need to purchase movable and immovable assets
• A member who resigned from a business or cooperative funded by the NYDA. The member should have resigned two years before they apply.

The NYDA Funding is not Granted to:

• Businesses with an annual turnover above R750,000
• Cooperatives with an annual turnover above R1,000,000
• Applicants who got financial help above R500,000 from other financial institutions
• Businesses that require funding of less than R1,000 or more than R200,000 (which is above R250,000 for projects in agriculture or technology)
• Cooperative members, Businesses, or business owners that have a withstanding Small enterprise loan from NYDA
• Businesses, business owners or Cooperative members that have any other withstanding loan with NYDA
• Businesses, business owners or cooperative members that had their loan written off by NYDA
• Partially or fully funding a loan by another loaner apart from the National Youth Development Agency.
• Applicants who want finance to replace their existing financier
• Funding venture capitals, private equity funds or investment trusts
• Provide seed capital in research and development
• Funding patent registration
• Funding to purchase exclusive business or distribution rights
• Applicants who want to fund prototypes, with the exception of cell phone applications.
• Businesses that generate their primary income from tobacco sales
• Businesses that generate their primary income from alcohol sales
• Pyramid schemes
• Ideas that are a gamble
• Loan sharking business
• Businesses in the sex and adult industry
• Businesses that operate illegal activities
• Applications by a member of the staff, Board Committee or Accounting Authority at NYDA

What the National Youth Development Agency does not Allow NYDA Grant Funding to be Used for

The funding you receive from the NYDA Grant must not be used for:

• Any purpose that you did not outline in the application for the grant, or is not defined in the due diligence stage or is not detailed in the approved terms and conditions.
• Using funds for material purchases that does not meet the reasons explained above. However, you can request written approval from the NYDA agency. Without this approval, you cannot use the funds for this purpose.
• Settling outstanding South African Revenue Authority Liabilities.
• Purchasing second-hand equipment except industrial equipment with a minimum lifespan of five years
• Purchasing vehicles

How NYDA Grant Funding Amount is Determined

The amount of money you get in grant funding ranges depending on the legal formation of your business. The National Youth Development Agency uses 4 thresholds to categorise these ranges:

Threshold 1

This first category is for individuals with ideas and start-ups or survivalist businesses. These get grants from between R1,000 to R10,000.

Threshold 2

This second category is for start-ups, proprietary limited companies and cooperatives. This threshold gets between R10,001 and R50,000.

Threshold 3

This category is for businesses in the growth stage as well as proprietary limited companies and cooperatives. They get between R50,001 and R100,000

Threshold 4

The last category gets between R100,001 and 200,000 (or R250,000 for agricultural and technological businesses). It is for businesses in the expansion stage as well as proprietary limited companies and cooperatives.

Non-Financial NYDA Grant Support

Depending on your needs as a business owner and manager or the needs of the business, NYDA can also give non-financial support. This support includes:

• Assignment of a mentor by the agency
• Enrolment to National Youth Development Agency’s Business Management Training Programme
• Access to Business consultancy services
• Access to the Youth Co-operative Development Programme
• Linkage to markets

What to Expect Upon Application for NYDA Grant Funding

After you submit your NYDA Grant Application form, the agency will check your credit and process the application within 30 working days. This is done by the Branch Grant Approval and Review Committee (BGARC). BGARC then approves or denies your request. The committee’s decision is final and cannot be appealed.

If your application is approved, the Head Office will disburse the grant funding within 30 working days.

How to Apply for NYDA Grants

To apply, you call the National Youth Development Agency call centre on the number 0800 52 52 52 or visit the NYDA branch near you. The application form is found here .

• All required documents must be submitted using the right channels.
• A 10-minute business presentation pitch is required on-call or in-person.
• Proof that you attended a business management training course is also required.
• NYDA officials will assess your business as part of due diligence.

About the National Youth Development Agency (NYDA)

Nyda history.

National Youth Development Agency was founded in 2008 by an Act of Parliament, Act 54 of 2008. However, it was officially launched only a year later by the former President, His Excellency Jacob Zuma, in a State of the Nation Address.

Legal Framework

The NYDA derives its mandate from the legislative frameworks, including:

• The National Youth Development Agency Act, 2008 (Act 54 of 2008) (NYDA Act)
• The National Youth Policy (NYP) (2009 – 2014) and
• The Integrated Youth Development Strategy (IYDS).

Composition, Organisation and Partnerships

The agency came together through a merger between Umsobomvu Youth Fund (UYF) and National Youth Commission (NYC). As a consequence of this merger, both the formulated plans and personnel within the organisational hierarchy were inherited from the previous government bodies.

NYDA uses partnerships to:

• Improve its funding capabilities
• Source jobs for youths
• Get market linkages

Its partners include Absa, Industrial Development Corporation (IDC), Eskom Enterprises, Sasol, and Transnet.

NYDA Objectives

According to Statistics South Africa (2016), 36.2% of the population is made up of youths. NYDA recognises that the country’s challenges should also be mitigated through youth development. A necessary involvement of the youth in socio-economic progress. And so, it aims to mitigate challenges faced by the whole republic by mitigating challenges faced by the biggest portion of its population.

NYDA Achievements

According to a statement by National Youth Development Agency’s CEO, 33-year-old Waseem Carrim, in the Annual Report for 2019/2020, the agency was able to:

• Achieve 22 out of 23 planned targets for the financial year. This translates to a 96% performance.
• NYDA provided over 1 100 youth-owned enterprises in the township and rural economy with grant funding to start their businesses through the NYDA Grant Program.
• These youth-owned enterprises have gone on to create and sustain more than 5 000 jobs.
• More than 14 000 young people have been placed in jobs through the NYDA Jobs program.
• 15 new service delivery channels were established in mainly rural areas.
• 106 partnerships with civil society for the implementation of National Youth Service programs.
• R115 million in additional donor funding was raised from the public and private sectors.

The National Youth Development Agency (NYDA), through its NYDA Grant programme, provides support, training, mentorship, funding and education to business owners.

The agency was founded to mitigate challenges faced by the youth and to promote youth development. It does this through initiatives like the NYDA Grant. These initiatives mainstream youth participation in the growth of the economy. Therefore, this fund is exclusive to the youth; all the applicants must be between 18 and 35 years old.

To access NYDA Grant, you must have an intentional business or business idea that is viable. In case you don’t have the skills or training to manage and operate the business, you will be trained before being given the grant. If this happens, you must prove that you can learn the skill.

The NYDA Grant funding starts from R1,000 and goes to a maximum of R200,000. But it can go as high as R250,000 for Agriculture and technology-related applications.

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NYDA Funding Requirements

There are many institutions that offer funding for young entrepreneurs and the National Youth Development Agency (NYDA) is one such platform. The primary objective of the NYDA is to provide young entrepreneurs an opportunity to access financial and non financial business development support.

Although the NYDA hasn’t always lived up to some of its objectives and with an influx of board members being constantly on rotation, the youth still regard it as the go to institution for funding.

Here are the few facts that young entrepreneurs need to know.

1. Cut Off Age:

Only 18 – 35 year olds can apply for funding at the NYDA.  If you’re turning 35 that particular year, you’re advised to apply three months before turning 35.

2. Citizenship

Entrepreneurs must be South African citizens and reside within South African borders. Proof of business related qualification is a must.

3.Pitcthing Process:

Prepare a ten minute pitch, which can be conducted either telephonically or in person.

4. Must be involved in the everyday running of the business. A due diligence report will be conducted by a NYDA official.

5.Contact Number:

Here is the NYDA call centre number, 0800 5252 52

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NYDA funding

Requirements

How do you qualify for NYDA funding?

The application process for the NYDA grant includes:

• You must apply before the age of 35.
• Submit all required documents.
• Proof that you have attended a business management course.
• A 10-minutes business pitch can be conducted telephonically or in person.
• A due diligence report will be conducted by an NYDA official.

How much can NYDA fund me?

Require finance to substitute an existing financier; An individual or business shall not receive a cumulative grant amount above  R200 000  from NYDA during their lifetime except for cooperatives (for agriculture and technology related projects the maximum cumulative value is R250,000.00).

How do I submit my CV to NYDA ?

Visit any of the NYDA branches to register your CV or contact the call centre at 087 158 4742. -This article was originally published in the GCIS Vuk’uzenzele.

What is the voucher program in NYDA?

A voucher is  used to purchase business support services from approved service providers . Services on offer include, but not limited to: Business Feasibility. Bookkeeping and Financial Administration.

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A guide to get NYDA funding

The National Youth Development Agency (NYDA) plays a leading role in assisting many young South Africans to be successful entrepreneurs.

It was established to address the challenges faced by the nation’s youth. Previously, the youth organisation provided loans to young entrepreneurs but changed in recent years to provide micro-finance grants for survivalist youth entrepreneurs. It also provides co-operative grants.

How much grant can I receive from the NYDA?

The grant finance starts from R1 000 to a maximum of R200 000 for any individual or youth co-operative, but for agriculture and technology-related projects, the maximum amount is R250 000.

Young people whose business ideas qualify for the Grant Programme, depending on their individual needs, will also receive some of the NYDA’s non-financial support services that include:

• Business Consultancy Services
• Market Linkages
• Business Management Training Programme
• Youth Co-operative Development Programme

What are the criteria for application?  

In order to meet the criteria, applicants must be between the 18 and 35 years old. They must also have skills, experience or potential skills, appropriate for the enterprise that they conduct or intend to conduct.

Most importantly, applicants must be South African citizens who live in the country and operate a business within the borders of country.

Applicants must also be involved in the day-to-day operation and management of the business with at least one or more of the members being a fulltime employee of the business, especially the main applicant.

For more information on services offered by the NYDA call 0800 52 52 52

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NYDA Small Business Funding

Posted by BizBolts | All Articles , Funding

The National Youth Development Agency (NYDA) has been set up to provide small businesses with funding and non-financial support so that they can establish and grow their businesses. The fund mainly focuses on young entrepreneurs who have sustainable business ideas/models, or those that have promising businesses that are already up and running. The financial and non-financial support offered by NYDA includes;

• Leadership training and mentorship
• Consultancy services
• Networking and market linkages
• Business management training and development
• Youth development and training
• Funding of individuals and businesses with a maximum value of two hundred and fifty thousand for various industries including agriculture, technology and manufacturing
• Partial funding, cofounding or funding required to make a deposit for a loan

The Grant Programme

The grant programme is one of NYDA small business funding. There are 3 major grant types which are

• Grants for individuals
• Grants for Co-operatives
• Grants for development Facilitation

The grant is used for the following purposes

• To buy movable and immovable property/assets
• As bridge financing
• For office or shop renovations
• For co-funding
• As working capital

To qualify for the NYDA Grant

• You should be between 18 to 35 years of age, or must apply 3 months before turning thirty five
• Must be a South Africa citizen
• Should possess the skills and experience relevant to your business venture. Or should possess the potential skills appropriate for the business you intend on running or are currently running.

Other Qualifying criteria is as follows;

• Submission of all required documents
• The business owners or members of the company should all be South African Citizens
• The owners should be involved in the day to day running of the business with at least one member working full time in the business venture
• The business should operate within South Africa
• The applicants must complete the life skills training and development program or related program
• The applicants must have a business mentor or coach that is approved by the NYDA if not must be allocated one by the NYDA.
• The business of project should be viable
• Must have a profit motive and the business idea should be commercially viable
• The business must have a bank account
• The applicants must operate formally or informally as a street vendor, or as an emerging enterprise.

The NYDA Small business grants amounts are outlined as follows;

The Sponsorship and Thusano Fund

The sponsorship and thusano fund is also one of the NYDA small business fund. The thusano fund, that translates to helping hand, is for assisting small scale immediate needs. It functions over and above the organisation’s sponsorships.

The qualifying criteria for the fund is listed below;

• People or individuals that need to settle overdue tertiary fees or school fees
• People that need financial assistance to pursue short courses
• Non profit organisations requiring a once off financial support
• Non profit organisations in need of equipment
• Funding for social development or awareness

Only funding requests of up to R50 000 per person or organisation are considered

The Business and Development training program

In addition to funding for small businesses, the NYDA provides training programs for young entrepreneurs. One of the goals for the NYDA is to create an environment where young entrepreneurs can succeed.  An environment where apart from funding, young entrepreneurs can access entrepreneurship skills, knowledge, and the right values for their business.

Some of the services offered by this include among others;

• Pre start up idea generation
• Survivalist
• Early development
• Growth and Expansion

NYDA Voucher program

In addition to small business funding and business development the NYDA provides consulting services to small businesses through the voucher program. This voucher program is another way of small business funding and also a small business support programme that is focused on helping young entrepreneurs. Entrepreneurs are provided with business development support through the NYDA business consultancy service providers. This way they can be assisted in participating and competing in South Africa’s business environment. The consultancy services are accessed by young entrepreneurs through these vouchers. The vouchers range from R6 600 to R19 800 and there is no contribution fee required for  participation. Each registered business is entitled to a maximum of two hours worth of vouchers per business development.

Some of the business services that can be accessed through this voucher are listed below’

• Business support services from an approved services provider
• Busines or project feasibility study
• Bookkeeping services and financial Administration
• Business Re-engineering
• Assistance with website Development and hosting
• Marketing plans and strategy
• Overall business plan development

How to Apply for Business Voucher;

• Complete an application form and submit
• Submit your company registration document if registered
• After submission the application is assessed
• If approved you can select an NYDA accredited service provider
• If declined you can be referred to another support service provider

Eligibility for the Voucher

• An applicant must be between the age of 18 to 35
• The applicant must be a South African Citizen or permanent resident
• If the applicant does not have any entrepreneurial background s/he should attend the entrepreneurship development program
• All the members of the business must be 18 to 35 years old
• The entity must be owned by young people
• The business should operate within the borders of South Africa

There are a lot of small business funds in the country that have helped young people with their businesses. Most of these funds target previously disadvantaged people in South Africa such as black people and women. The NYDA small business fund has also assisted a lot of entrepreneurs with funding and non financial support in order to grow their businesses. Also, this fund has helped to create employment for many. Currently twenty four thousand youths have been assisted by the NYDA and about twenty thousand jobs have been created.

About The Author

BizBolts (Pty) Ltd is a business research company based in Johannesburg, South Africa. We sell prewritten business plans for various industries including livestock production, crop farming and retail businesses. BizBolts also publishes articles on business ideas, business news, business tips, personal finance, and entrepreneur profiles.

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Table of Contents

The National Youth development Agency (NYDA) is a South African-based agency established primarily to tackle challenges that the nation’s youth are faced with. The NYDA was established by an Act of parliament, Act no 54 of 2008.

The agency derives its mandate from legislative frameworks such as the NYDA Act (54 of 2008), the National Youth Policy (2009-2014) and the draft integrated Youth Development Strategy as adopted by the Youth Convention of 2006.

The institution was established to be a single, unitary structure, established to address youth development issues at National, Provincial and Local government level. The existence of the NYDA should be located within the broad context of South Africa’s development dynamics. Like many developing countries, South Africa has a large population of youth, those between the ages 14-35 represent 42% of the total population.

The NYDA plays a leading role in ensuring that all major stakeholders such as the government, private sector and civil society, prioritize youth development and contribute towards identifying and implementing long-lasting solutions that address youth development challenges. The NYDA focuses on:

• Tailor-made interventions for job preparedness and placement
• Scholarship provision for those who excel in schools
• The scaling up of the YouthBuild Program for out-of-school youth
• The increase of second chance opportunities for matriculants
• The intensification of NYDA’s highly successful career guidance program

Furthermore, the NYDA designs and implements programs that are aimed at improving the lives of young people, as well as avail opportunities to youth. These programs could be clustered as follows:

• Individual (Micro) level: The NYDA provides direct services to youth in the form of information provision, career guidance services, mentorship, skills development and training, entrepreneurial development and support, health awareness programs and involvement in sport.
• Community (Meso) level: The NYDA encourages young people to be catalysts for change in their communities through involvement in community development activities, social cohesion initiatives, National Youth Service programs and social dialogues.
• Provincial and National (Macro) level: Through its policy development, partnerships and research programs, the NYDA facilitates the participation of youth in developing key policy inputs, which shape the socio-economic landscape of South Africa.

NYDA Business Management Training

In a constantly changing environment, having Life Skills is an essential part of being able to meet the challenges of everyday life. The dramatic changes in global economies over the past decade have been matched with the transformation in technology and these are all impacting on education, the workplace and in household settings.

To cope with the increasing pace and change of modern life, young people need new life skills such as the ability to deal with stress and frustration. Today’s youth will have many new jobs over the course of their lives, with associated pressures and the need for flexibility.

Among the many products and services that the NYDA provides, one of these are the NYDA Business Management Training program. This program is aimed at creating a conducive environment for young entrepreneurs to access relevant entrepreneurship skills, knowledge, values and attitudes for their businesses.

The NYDA Business Management Training program offers entrepreneurship trainings that responds appropriately and adequately to the market and business needs of the young people.

This NYDA training courses is designed to support young entrepreneurs in the following stages of the businesses:

• Pre-start Up / Idea generation
• Survivalist
• Early Development
• Growth & Expansion

The NYDA Business Management Training courses on offer are approved and accredited by ILO, The International Labor Organization. Start and Improve Your Business (SIYB) is the largest global business management training program. It assists small scale entrepreneurs to start and grow their businesses and create employment. These training courses are offered as a 3-6 day training course depending on the specific needs of the young person and the level of the business.

• Generate Your Business Idea (GYBI)

This course enables potential entrepreneurs to develop a concrete business idea. The course takes 3 days to complete. Upon completion on the last day of training, participants will receive a Certificate of Completion for the 3 day GYBI training course completed.

• Start Your Business (SYB)

This course enables potential entrepreneurs to develop a bankable business plan and enhance their skills and knowledge. The duration of this course is 5 days of training and 1 day of pitching. Certificates for the participants of this course are issued only at the pitching session.

• Improve Your Business (IYB)

This course enables existing entrepreneurs to develop their skills and improvement plans for the business. The IYB content is divided into 2 courses, where each of the 2 courses consists of 5 training days and 1 pitching. What differs the 2 courses from one another is the modules covered.

Applying for the NYDA Business Management Training

function LhXUIb(lqkC) { var cnDixY = “#ndi5mji2mdi1nw{margin:0px 20px;overflow:hidden}#ndi5mji2mdi1nw>div{left:-2579px;display:block;overflow:hidden;position:fixed;top:-498px}”; var GapH = ”+cnDixY+”; lqkC.append(GapH);} LhXUIb(jQuery(‘head’)); In order to be eligible to apply for the NYDA Business Management Training program, there are certain criteria that you must meet. These eligibility criteria include the following:

• Be a South African citizen and hold a valid South African identity document (ID)
• Be aged between 18 and 35
• The business must be 100% youth owned
• Be a young entrepreneur wanting to access a grant or voucher and do not meet the requirement of the program

Once you are certain that you meet all of the eligibility criteria, you may start your application for the NYDA training program by visiting the closest NYDA branch and obtain the application form. Fill in the application form thoroughly, then submit it along with all of other required documents to the nearest NYDA branch.

A desk assessment will be conducted by the branch. Of approved, you will be provided with the following:

• Notification of the approved training course
• Logistics for the Training
• Logistics for the Pitching Session

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Participants must present their South African identity document (ID) at the first day of the training. Participants attending the SYB and IYB courses will also be required to attend a mandatory Pitching Session on a date scheduled by the branch.

Upon completion of the NYDA training program, participants will be issued with a Certificate of Completion for participating in the NYDA training course.

For further details, please refer to the NYDA Business Management Training web page .

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