Earlier today, Honourable Bakary Y. Badjie presided over the disbursement of 2 million Dalasis to 40 beneficiaries from National Enterprise Development Initiative (NEDI) as a grant.
The presentation was held at Nana Conference in Bakau.
Delivering the keynote address, Minister Badjie applauded the efforts of the Government for providing youth entrepreneurs access to Finance.
He disclosed that the youth entrepreneurship fund is a component of the Youth and Sports Development Levy that is earmarked to support youth with viable business ideas to develop their business.
Minister Badjie recalled that in July 2020, The Government of the Gambia, through the Ministry of Finance and Economic Affairs conducted an assessment to roll out the implementation of the youth revolving loan fund.
The process involved the implementation of youth revolving loan and grant schemes to be financed from the Youth and Sports Development Levy under the Ministry of Youth and Sports.