• Last Update 2024-12-26 15:51:00

Youth entrepreneurship development fund to be established

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The Cabinet of Ministers this week granted approval to establish a Youth entrepreneurship development fund to support young entrepreneurs who are facing financial difficulties and resources to start their own business startups.

The fund is to be setupped in keeping up with the government's policy framework 'Vistas of Prosperity and Splendour' along with a lottery to support the fund.

The Cabinet proposal was submitted by the Minister of Youth and Sports to initiate the fund through a Parliamentary act. The Cabinet also directed the Legal Draftsman to prepare the draft bill.

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