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Program in infancy stage, says Koya

Avneel Chand
Wednesday, November 08, 2017

THE Youth Entrepreneur Scheme (YES) is still in its infancy stage with applications still rolling in according to the Minister for Industry and Trade, Faiyaz Koya.

The YES program was announced as part of the 2017-2018 National Budget with an allocation of $2 million for youths between ages 18-30 to apply for grants up to $20,000 to start-up their business.

Mr Koya said the calls for application had been made through advertisements and a committee had also been set to process the applications.

"We are still in infancy stages I think the ads have gone out for people to apply so there is a committee that will go through it," Mr Koya said.

He said there had been some interest shown, but the applicants must meet the criteria in order to get the grant. He said the grants had still not been given out yet.

"So far yes there is quite a few people who are interested, there is a qualification.

"No we have not given it out yet just in the process of applications coming in," he added.

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