The program targets a broad group of youth entrepreneurs and micro-entrepreneurs, with special emphasis on COVID-19 affected micro-enterprises and low-income youth engaged in key employment-generating sectors such as Ready-Made Garments (RMG), leather goods and footwear, construction, and light engineering.
The initiative provides loan-based financial support to promote self-employment, enterprise recovery, and business expansion across three major intervention components:
COVID-19 Affected Entrepreneurs Component
This component supports entrepreneurs whose livelihoods were disrupted by the COVID-19 pandemic. Beneficiaries operate in a diverse range of informal, semi-formal, and small-scale economic activities, including agriculture, livestock, transport services, retail trade, food processing, manufacturing, repair services, and small workshops. The support aims to stabilize existing businesses and restore income-generating capacity.
Youth Entrepreneurs Component
This component focuses on emerging and aspiring youth entrepreneurs engaged in skill-based and production-oriented trades. It includes sectors such as tailoring and garment production, agro-based activities, food processing, light engineering, electrical and mechanical services, construction-related trades, ICT services, and small-scale manufacturing. The objective is to foster entrepreneurship, skills utilization, and sustainable job creation.
MCP & APT Component
This component targets semi-skilled and skilled youth engaged in technical and service-oriented occupations. It covers trades such as mobile phone servicing, electrical installation and maintenance, welding and fabrication, carpentry, plumbing, refrigeration and air-conditioning, IT and graphic services, automotive servicing, and food production. The focus is on enhancing productivity, technical capacity, and enterprise formalization.