The Minister of Finance and Budget and his colleagues in charge of the Economy and Youth held a meeting this afternoon to assess the files with bank officials within the framework of the “Youth Entrepreneurship Fund and women ”.
Following discussions with bank officials, incubators and certain youth platforms, members of the government asked each bank to carry out an inventory of the files received. “A lot of banks have received many files. Some are compliant, meet the criteria, others need to be improved, ” Finance and Budget Minister Tahir Hamid Nguilin says.
To further support the project owners, it was agreed that training is needed; capacity building and also support. “In this regard, it was agreed that there should be continuing training, seminars, even tutorials in the form of Youtube videos for young people but also to call on a few experts, firms, former bankers. and financiers who can sponsor a certain number of young people in order to complete their files, ”he continues.
It was also decided, during this meeting, to reward the incubators and the firms which will have accompanied with all the technicality and the seriousness the file of a young entrepreneur to be compliant and to be financed by a bank. Never mind, there are cases that are already ripe in each of the banks. These files will be the subject of loan signature and this will be done on the sidelines of the World Entrepreneurship Week which will take place next week, “concludes the Minister of Finance.
As a reminder, the Head of State, in his address to the nation on April 14, 2020, announced a fund amounting to 30 billion to support youth entrepreneurship.
