NYDA Grant Programme 2024/2025 Application Procedure

Are you interested in applying for the NYDA Grant Programme 2024? This information is for you. Within it, we’ve compiled all the details to guide you through the NYDA Grant Programme 2024/2025 application process, including, eligibility requirements, important documents needed for a successful application, and how to apply. Make sure you read the instructions carefully before applying.

About the NYDA Grant Programme

The NYDA Grant Programme is designed to provide young entrepreneurs with an opportunity to access financial and non-financial business development support to enable them to establish or grow their businesses. The programme focuses on youth entrepreneurs who are at intentional, promising and new stages of enterprise development. Young people whose business ideas qualify for the Grant Programme, depending on their individual needs, will also undergo some of the NYDA’s non-financial support services, including:

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

Utilisation of the Grant Funding

• The grant can be utilized 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.

NYDA 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 decisions 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.

NYDA Grant Programme Application Procedure

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

• Click here to register on the NYDA Portal
• Contact our Call Centre on 0800 58 58 58
• Or visit your nearest NYDA Branch

NYDA Grant Programme Update 2024

Stay updated with all the latest news on the NYDA Grant Programme 2024/2025 right here. Make sure to check back regularly to keep informed throughout the application process.

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Should you have any queries or require additional information about the NYDA Grant Programme 2024/2025, please drop us a line in the comment section below. Our team is dedicated to assisting you and will promptly address any concerns you may have.