Listing Information

• Posted By : IDC
• Posted On : Feb 16, 2018
• Views : 1298
• Category : Funders » Development financiers
• Description : The Industrial Development Corporation (IDC) has set-up the Gro-e-Youth Scheme to offer financial and non-financial support to youth enterprises that contribute towards the creation of jobs and growing South Africa’s economy. The IDC has committed itself to funding youth-empowered and youth-owned enterprises to the value of R4.5 billion over 5 years. The Gro-e-Youth Scheme provides loans at an interest rate of up to prime minus 3% and a Real After-Tax Internal Rate of Returns (RATIRR) of 6% equity. In a highly competitive business environment, this is a key advantage for any young entrepreneur to have. The funding is available to businesses that operate in industries that are in line with IDC’s mandate and have the potential to create jobs. The Gro-e-Youth Scheme is available to South African citizens or permanent residents and the minimum amount for finance is R1 million.

Profile Information

• Type of entity Government entity
• Non-financial support Yes
• Ownership preferences Youth
• Industry preferences All
• Provincial focus All
• Start ups Yes
• Website http://www.idc.co.za