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What are the NYDA Grant Funding Thresholds

What are the NYDA Grant Funding Thresholds – Did You Know about the NYDA Grant Thresholds? The NYDA Grant Funding comprises of four (4) thresholds. Each threshold has a list of requirements. Check out the artwork! The NYDA Grant Programme is designed to provide young entrepreneurs with both financial and non-financial opportunities to either establish new or grow existing businesses.

GRANT TRHESHOLDS BREAKDOWN 

Threshold 1 R1000 to R10 000 Registered and Unregistered (Operational Businesses)

  • Certified ID copy of the applicant(s) (not older than 3 months) – accompanied by CV of all Directors
  • Business Plan Template Supplier Quotation
  •  Bank Account Statement (3months) Lease Agreement
  • Business Management Studies/Entrepreneurship Certificate UIF Reg/Confirmation form(Pty or Coop
  • UIF Proof of registration (e-mail)
  • UIF Verified List

Threshold 2 R10 001 to R50 000 Registered and Operational for 6 months and more

  • Proof of Business Registration Certified ID copy of the applicant(s) (not older than 3 months) – accompanied by CV of all Directors
  • Business Plan Template Supplier Quotation Lease Agreement
  • Business Bank Account (6months)
  • Must Provide 1 permanent job Banking Details of Supplier
  • Business Management Studies/Entrepreneurship Certificate
  • UIF Reg/Confirmation form (Pty or Coop
  • UIF Proof of registration (e-mail)
  • UIF Verified List

Threshold 3 R50 001 – R100 000 Registered and Operation for a minimum of 12 months

  • Formal Business Plan Certified ID copy of the applicant(s) (not older than 3 months) – accompanied by CV of all Directors
  • Proof of Business Registration 3-5 years Financial Projections Company Management Account for the past 6-12 months.
  • Proof of market or Letters of intent Supplier quotation Lease Agreement Bank Statements (12 months)
  • Must Create at least 2 additional permanent jobs.
  • Valid Tax Clearance
  • Must have an off-take contract in place (Where Applicable)
  • Business Management Studies/Entrepreneurship Certificate UIF Reg/Confirmation form(Pty or Coop
  • UIF Proof of registration (e-mail)
  • UIF Verified List.

Threshold 4 R100 001 – R250 000 Registered and Operation for a minimum of 36months

  • Formal Business Plan X Certified ID copy of the applicant(s) (not older than 3 months) – accompanied by CV of all Directors
  • Proof of Business Registration 3-5 years Financial Projections
  • Business Bank Statements (24 Months) Lease Agreement Company Management Account for the past 6-24 months
  • Proof of market/Letters of intent
  • Valid Tax Clearance Certificate Supplier quotation
  • Must Create at least 4 additional permanent jobs
  • Business Management Studies/Entrepreneurship Certificate UIF Reg/Confirmation form (Pty or Coop
  • UIF Proof of registration (e-mail)
  • UIF Verified List

GRANT TRESHOLDS Toll Free No: 0800 58 58 58.

HOW TO APPLY: Visit the NYDA ERP Portal for online applications: erp.nyda.gov.za.

For more Information visit the National Youth Development Agency Website

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