NYDA Online Registration 2022/2023 – www.nyda.gov.za

Filed in Grants by on April 21, 2022 0 Comments

Do you want to apply for the National Youth Development Agency (NYDA) Grant Programme? If yes, then you have come to the right place. The NYDA Grant Programme is designed to provide young entrepreneurs with an opportunity to access financial and non- financial business development support in order to enable them to establish or grow their businesses.

NYDA Online Registration

Given the youthful nature of the South African population, much of the socio-economic challenges faced by the nation, including poverty, inequality and joblessness, poor health are largely encountered by the youth. The gravity of challenges South Africa is faced with, require multi-pronged efforts that simultaneously promote the development of sustainable livelihoods, reduce poverty, inequality and prioritise the development of policies which create an enabling environment for youth development.

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

Utilisation of the Grant Funding

The grant can be utilised for the following:

  • To purchase movable and immovable assets.
  • Bridging finance.
  • Shop renovations.
  • Working capital paid directly to the grantee.
  • Co-funding with legal entities only.

Grant types

Grants will be granted to the following:

  • Individuals
  • Co-operatives
  • Community Development Facilitation Projects

Service Delivery Standards

  • The grant applications will be processed at a branch within 30 working days
  • Disbursement for approved will be processed at the Head Office within 30 working days

Credit Checks

  • The NYDA shall conduct credit checks for all grant applications for funding.
  • A grant applicant who is under debt administration shall not be considered for funding.

Branch Grant Approval and Review Committee (BGARC) Decision

  • The decision of BGARC are final and binding on the applicant
  • The applicant cannot appeal the decision of the BGARC, however they can re-apply for grant funding

Grant Thresholds:

Type of businessesGrant amount ranges
Threshold 1Idea generation and survivalist (start-ups)R1,000 – R10,000
Threshold 2Start-ups PTY and cooperativesR10,001 – R50,000
Threshold 3Growth stage PTY and cooperativesR50,001 – R100,000
Threshold 4Expansion stage PTY and cooperativesR100,001 – R200,000*

*for agriculture and technology related projects the maximum threshold is R250,000.00 

N.B: Threshold submissions requirements applies

NYDA Online Registration

Those who are eligible to apply:

  • Are youth from 18-35 years of age
  • Are youth with skills, experience or; with the potential skill, appropriate for the enterprise that they conduct or intend to conduct.
  • Are South African citizens
  • Are South African residents

Application Process/Procedure

  • You must apply 3 months before you turn 35 years,
  • Submission of all required documentation,
  • Proof of attending Business Management Training course,
  • Business Pitch presentation of 10 minutes – in person or telephonically,
  • Due Diligence assessment conducted by the NYDA official on the business.

How to access the NYDA Grant Programme

Enter your email address:

Source: Sabonews.org

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